We all know that our 2006 legislature was very busy cleaning up SB-100 adopted in 2005. The legislature, in its haste to get SB 100 passed, left more than a little ambiguity in its provisions. As we’ve reported in the past, SB-89 (formally known as SB06-89) is the clean up bill. We’ve attached here a
From Capitol Hill/Legislation
AMENDMENT 40 – VOTE NO THIS NOVEMBER
We want to let you know about an issue that is important to us at Winzenburg, Leff, Purvis and Payne, LLP. In fact we think it is important enough for all of you that we are for the first time coming out with a public opinion on a political issue. We are asking you to Vote NO on 40 which will term limit judges. Whether you are conservative, liberal, Republican, Democratic or Independent Amendment 40 is a bad idea with serious consequences which you should oppose.
Even though the proponents are pushing Amendment 40 purpose of term limiting judges as a good idea; the negatives far out-weight any gains they offer for passage. Continue Reading AMENDMENT 40 – VOTE NO THIS NOVEMBER
Colorado Common Interest Ownership Act (CCIOA)
Under the "Other Resources" category, on the lower left hand side of this page, you will find a pdf version of the Colorado Common Interest Ownership Act (CCIOA), including all of the changes made by SB06-89. Just click on the link and you will be taken to a copy of the Act.
Senate Bill 2006-89: What You Need to Know
As many of you are probably aware, Colorado recently passed Senate Bill 06-089, legislation intended to clean up provisions from last year’s SB 05-100. Both Bills modify and add provisions to the Colorado Common Interest Ownership Act (“CCIOA”). SB 089 creates a number of important new requirements for associations and homeowners, including …
Colorado’s New Foreclosure Law – HB 06-1387
On June 1, 2006, Governor Owens signed into law HB 06-1387. This is a substantial, sweeping, overhaul of Colorado’s real estate foreclosure law. Among many other things done by this law, the most significant change made is the elimination of an owner’s right to redeem property after a sale of the property. Lienholders still have the right to redeem. As a tradeoff for elimination of the right of redemption, owners are given a longer period of time to cure the default before the property actually can be sold at foreclosure sale.
Continue Reading Colorado’s New Foreclosure Law – HB 06-1387
SB06-89 – New Law
We know you’ve been waiting with much anticipation the outcome of this year’s legislative session. Senate Bill 06-89, the legislation intended to clean up last year’s SB 05-100, was signed into law on Friday, May 26, by Governor Owens. We will be discussing in future posts how this new legislation affects SB 05-100.
Continue Reading SB06-89 – New Law
SB 89 – The End is Near
SB 06-089 (seen here in its final form) is finally making its way to Governor Owens’ desk. Though the heavy lifting is over, the Governor must still sign the bill if it is to be enacted. If you support the bill, you should contact Nancy Lemein, Director of the Governor’s Office of Policy…
SB 06-089 modifies insurance section established by SB 05-100
As you already know, SB 06-089 has moved out of the Senate and on to the House for review. Section 16 of the bill has remained substantially intact since the bill’s introduction and readdresses C.R.S. 10-4-110.8(5), regarding homeowner’s insurance.
Continue Reading SB 06-089 modifies insurance section established by SB 05-100
SB 06-089 Passes out of Senate
SB 06-089 has passed through the Senate and is now on its way to the House where it will again be directed to a committee for review. As we previously mentioned, there have been amendments to the bill as it was introduced. Click here to view the bill as it left the Senate.