Proposed Reduction of Time HOAs Could Pursue Construction Defects

A Senate Bill is pending, 15-091, to reduce the time allowed to pursue construction defects from 6 to 3 years.  If a claim arises in the second or third year the HOA would have just 1 year after the cause of action arises.  If passed, these time periods would be among the shortest in the country. Claims of some HOAs would be eliminated.  A hearing on this bill will be held by the Senate Judiciary Committee on March 16, 2015. Attend the hearing, or listen to it online.

Affordable Housing Fund Proposed – Backed by Recording Fees

State Senator Ulibarri has introduced Senate Bill 2015-79 to seek to fund statewide affordable housing through a surcharge on recording fees of County Clerks and Recorders. 

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