SB 1641 Summary

• Reduces the statute of limitations for construction defect lawsuits from 8 years to 4 years after substantial completion of real property improvements.

• Shortens the extended period for latent defects from 9 years to 6 years after substantial completion, with discovery claims limited to 2 years from discovery date.

• Applies the 4-year limitation to municipalities and counties suing on code violations or permit conditions for dedicated improvements.

• Requires unit owners' associations to obtain a two-thirds vote from unit owners before instituting, defending, or intervening in litigation under section 12-552 (construction defect claims).