CO SB140

Creates the "Home Inspector Licensure Act" requiring home inspectors to obtain a state license from a new Home Inspector Licensing Board in the Division of Professions and Occupations, effective after June 30, 2016.

Establishes a five-member licensing board (three licensed home inspectors and two public members who own residential buildings) appointed by the governor with authority to set licensure standards, administer examinations, and establish fees.

Requires applicants to complete 90+ hours of board-approved training, pass an examination, complete at least 10 supervised training inspections, maintain minimum $100,000 errors and omissions insurance, and submit to criminal background checks.

Home inspector licenses are valid for 2 years and renewable upon completion of 20 hours of continuing education approved by the board.

Prohibits unlicensed home inspection for compensation (Class 1 misdemeanor; Class 5 felony for subsequent violations within 5 years) and establishes disciplinary procedures including revocation, suspension, probation, and fines up to $2,500 per violation.