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”?