Colorado Association of REALTORS | Construction Defects Legislation Introduced
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Construction Defects Legislation Introduced

Construction Defects Legislation Introduced

SB14-220, Concerning prerequisites to the authority of a unit owners’ association to pursue resolution of disputes involving construction defects, was introduced on Wednesday night. The bill has been assigned to the Senate State, Veterans, and Military Affairs Committee, as well as the Senate Judiciary Committee.  We are thankful to those of you who have submitted testimonials so far, and those of you that contacted your legislators to encourage them to introduce the bill – your efforts have not gone unnoticed.  For this bill to get through the process, it will need to move quickly, as the Legislature adjourns Wednesday, May 7th.  We will update you with the progress in our next Capitol Connection.

Two companion bills, SBs 216 and 219 were also introduced Wednesday.  SB-216 attempted to address the high cost of insurance for developers to build affordable condo product, SB-219 would have studied the construction defect and condo shortage issue further.  Both today died in the Senate.

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