Back in February, we wrote about the chicken-and-egg problem of Senate Bill 177, which seeks to give builders more protection against lawsuits. This, in turn, would encourage builders (so the thinking goes) to build more condos and increase the supply of affordable housing in Colorado. Opponents of the bill see it simply as a business-friendly measure that generally makes it tougher for homeowners to sue over construction defects.
Now there's Senate Bill 91.
As Ed Sealover reports for the Business Denver Journal, Senate Bill 91 is also working its way through the legislature, and if passed into law, it would take the statute of limitations (time limits for filing a lawsuit) from eight years to six years. Homeowners, therefore, would have less time to file a lawsuit against a builder.
For more, read Sealover's report.