CO HB1230

Extends statute of limitations for construction defect lawsuits from 6 to 10 years after substantial completion, with claims arising in years 9-10 having 2 years to file.

Requires courts to award prevailing claimants in residential construction defect cases prejudgment interest at 6% annually from installation/transfer date through first notice of claim, then 8% annually thereafter.

Makes it a violation of the Colorado Consumer Protection Act to obtain or attempt to obtain waivers or limitations on legal rights and remedies related to construction defects.

Voids provisions in real estate contracts, declarations, or governing documents that prohibit property owners from bringing or joining group lawsuits against construction professionals.

Prohibits common interest community declarations and governing documents from imposing different or additional requirements for construction defect actions beyond those specified in state law.