House Committee Postpones Bill Reducing the Statute of Repose Indefinitely
In a victory for Colorado homeowners, the Colorado House Committee on State, Veterans, & Military Affairs postponed Senate Bill 91 indefinitely. The bill had originally been drafted to reduce Colorado’s construction-related statute of repose from six to three years. A three-year statute of repose would have made Colorado the state with the shortest statute of repose in the United States.
No Turning Back: Getting Ready for Your Community’s Statue of Repose to Expire
The statute of repose is a Colorado law that prevents a homeowner or community association from filing a lawsuit for construction defects after a certain number of years have passed. Once the time has expired, the Association has no claims against a builder. When Does the Statute of Repose Begin to run and When does it Expire? What Should a Community Association Manager Do in the “Final Year of Repose”?
Watch Your Back: Construction Defect Legislation Update
This year will be a very big year for construction defect legislation. Many of Colorado's legislative bodies, including the Colorado General Assembly, the City of Lakewood, and the City of Lone Tree are aiming to curtail homeowner rights by passing laws that are designed to protect homebuilders from liability arising from the construction of defectively built homes. These legislative bodies have either passed or intend to pass legislation that will significantly impact Colorado homeowners and community associations.