HB 19-1098 Summary

• Establishes four standardized deed forms for Colorado real property conveyance: warranty deeds, special warranty deeds, bargain and sale deeds, and quitclaim deeds with specific language requirements for each type.

• Defines the scope of covenants in warranty deeds, limiting grantees' acceptance to "statutory exceptions" including unpaid future taxes, survey matters, and recorded matters unless parties agree otherwise in writing.

• Allows licensed title insurance entities to prepare deeds with warranty covenants during title insurance issuance, but requires they use "subject to statutory exceptions" language unless both grantor and grantee provide written instructions otherwise.

• Prohibits title insurance entities from disclaiming or seeking indemnification for negligence when preparing deeds using "subject to statutory exceptions" language.

• Clarifies that deed form type does not affect the absolute nature of fee simple property conveyance and applies to deeds executed on or after the effective date.