Colorado Legislature advances two bills to reform construction defects law, increasing condo development and lowering insurance costs, while extending statute of repose to 10 years and allowing group claims.

Colorado Legislature advances two bills to reform its construction defects law, focusing on increasing condo development and lowering insurance costs, while also providing homeowners with more protection against poor construction. House Bill 24-1230 extends the statute of repose for construction defect lawsuits from six to ten years and allows similarly situated homeowners to bring claims together.

March 23, 2024
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