Will a Statutory Right to Repair Construction Defects Increase First-Time Homebuyers? (CO)

On February 6, 2017, House Bill 17-1169 was introduced and assigned to the State, Veterans, and Military Affairs Committee. H.B. 17-1169 proposes a mechanism for a construction professional to offer to repair or offer to fund repairs for a construction defect prior to the initiation of a construction defect lawsuit. This is in effort to lower condominium prices stemming from high insurance premiums related to construction defect litigation.    Read the article………….


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