Senate Bill 177- Construction Defects Reform PASSED the Senate SB15-177, HOA Construction Defect Lawsuit Approval Timelines, passed the Senate on 3rd reading this week with bipartisan support on a vote of 24-11. We are expecting it to be introduced in the House in the coming days. Please click here to urge your State Representatives to allow SB 177 a Fair Hearing in...
SB 210 Title Insurance Commission The Legislative Policy Committee (LPC) voted to SUPPORT SB15-210, Title Insurance Commission, by Senator Laura Woods (R-Arvada) and Representative Jeni Arndt (D-Fort Collins). The bill creates the Title Insurance Commission in the Division of Insurance (division) in the Department of Regulatory Agencies (DORA) as a Type 1 agency for the purposes of: proposing, advising, and recommending rules,...
SB 177- Construction Defects Passes First Senate Committee After a long afternoon with over 7 hours of testimony, SB 177 passed out of the Senate Business, Labor and Technology Committee by a vote of 6-2 with one excused. We would like to thank these senators for their votes in favor of this much needed legislation: Committee Chair Senator David Balmer, Committee...
DENVER – On Wednesday, March 18, Mayor Michael B. Hancock testified at the Colorado State Senate Business, Labor and Technology Committee hearing on SB-177, Construction Defects Legislation. The Mayor testified in favor of the proposed legislation, and articulated how the bill is critical to remove barriers and help Denver provide its residents with access to safe, decent, affordable housing in a...
Mark Trenka chair of the Colorado Association of REALTORS Legislative Policy Committee testified before Colorado law makers earlier this week regarding Colorado's construction defects law. This big hurdle prevents building more entry-level housing, and is a defect in state law that exposes home builders and homeowners to a high risk of expensive, time-consuming litigation. It has created a climate that puts the chill on new...
Tell your legislators to Support SB177! Urge your State Legislators to SUPPORT SENATE BILL 177—Fix the Defect in Colorado’s Construction Law A big hurdle to building more entry-level housing is a defect in state law that exposes homebuilders and homeowners to a high risk of expensive, time-consuming litigation. It is referred to as the construction defects law. It has created a climate...
Senate Bill 177- Construction Defects We expect CAR SUPPORTED SB 15-177 to be calendared within the next week or so in the Senate Business, Labor and Technology Committee. Because of this, we urge you to continue to share the Call for Action. Communicating our positions with our legislators is a vital component in representative democracy, and participating in this Call for Action is...
CALL FOR ACTION- Support Senate Bill 177 We still need participants in the Call for Action to urge your State Legislators to SUPPORT SB15-177, HOA Construction Defect Lawsuit Approval Timelines. If you did not receive this email, or you would like to be able to forward this alert to your colleagues/clients/etc., please click here. CAR is a member of the Homeownership Opportunity...
REALTOR® Day was a success! Thank you so much to everyone who attended REALTOR® Day at the Capitol this past Tuesday. We had over 200 attendees from across the state, and had a very successful day speaking with our legislators. We'd like to thank special guest US Senator Cory Gardner for being our speaker. We would also like to extend...
Construction is once again revving up across Colorado. This should be a welcomed sight for Colorado’s economy, for REALTORS® and part of the answer to our states low affordable housing inventory. Unfortunately this is not the case. The condo market continues to lag due to construction defects, subsequent litigation and extraordinarily high insurance premiums that make it less appealing to...