Next week the U.S. House of Representatives is scheduled to vote on H.R. 9 - The Innovation Act of 2015 which will take vital steps to protect the real estate industry from frivolous lawsuits brought by patent trolls. It is critical that you urge your Member of Congress to support this important legislation. Contact your Member of Congress to Stop Patent...
Consumer Financial Protection Bureau (CFPB) announced that it would be “sensitive” to companies that make a good-faith effort to comply with the new Truth in Lending Act and Real Estate Settlement Procedures Act Integrated Disclosure (TRID) regulation that goes into effect on August 1, 2015. This is a welcome development that can be compared to the effective CFPB implementation of...
Last night, on a procedural motion, Senate Bill 284 was killed. Therefore, the press conference scheduled for today has been CANCELLED. The bill purported to address a so-called “loophole” in the use of urban renewal and tax increment financing on agricultural land for economic development projects but it is drafted solely to insulate a small group of hoteliers from perceived competition....
CALL FOR ACTION- OPPOSE Senate Bill 284 The Legislative Policy Committee (LPC) OPPOSES SB15-284, Voter Approval TIF Payments Ag Land, by Senate President Bill Cadman (R-Colorado Springs), Senate Majority Leader Mark Scheffel (R-Parker), Representative Ed Vigil (D-San Luis) and Representative Paul Lundeen (R-Monument). This legislation is designed specifically to kill the Gaylord Rockies Hotel and Conference Center. The late bill purports...
Tell Our Legislators Not to Kill Gaylord Rockies The Colorado Association of REALTORS® is asking you to OPPOSE Senate Bill 284. The late bill purports to address a so-called "loophole" in the use of urban renewal and tax increment financing on agricultural land for economic development projects but it is drafted solely to insulate a small group of hoteliers from perceived...
Unfortunately, after a long hearing, SB177 was defeated in the House State Affairs Committee, aka the kill committee, on a party line vote with the Democrats voting no and the Republicans voting yes. We would like to thank our House sponsors – Rep. Singer and Rep. DelGrosso and our Senate sponsors – Sen. Scheffel and Sen. Ulibarri. Thanks to each of...
CALL FOR ACTION- Senate Bill 177 SB15-177, HOA Construction Defect Lawsuit Approval Timelines, has been scheduled for a hearing on Monday, April 27th, in the House State, Veterans, and Military Affairs Committee. This committee is known as the “kill” committee. Now is the time to act by responding to our Call for Action! Now is the time to convey to your...
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...
HB 1343 HOA Manager Licensing Reform HB15-1343, Streamline HOA Manager Licensing Requirements, by Representative Angela Williams (D-Denver) and Senator Nancy Todd (D-Aurora), was SUPPORTED today by the Legislative Policy Committee (LPC). The primary motivation for REALTORS® desiring to amend the HOA manager licensing law is to exclude from licensure any CEOs, managing brokers or other brokerage executives that do not perform...
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,...