CO SB141

Adds Colorado law prohibiting lenders from declaring military borrowers ineligible for home mortgage loans solely based on their deployed status.

Applies to members of any branch of the United States armed forces on active federal service deployed away from their duty station for more than 60 days.

Allows deployed service members to declare present intention to take possession of the property as soon as possible following the end of deployment, satisfying occupancy requirements.

Addresses federal loan requirements, including Veterans Administration loans, that typically require borrowers to certify they will occupy the property as primary residence within 60 days of closing.

Enacted with emergency clause declaring the measure necessary for immediate preservation of public peace, health, and safety.