Senate Committee Backs Home Buyer's Bill

By: AP Email
By: AP Email

Denver (AP) A Senate committee is backing a bill to protect the right of home buyers to sue if developers don't fix construction defects.

The measure outlaws contracts that waive the rights of home buyers to sue under a 2003 law that was backed by home builders. That law limits how much money buyers can win in court and encourages builders and home owners to go to arbitration first.

Senator Jennifer Veiga says the latest proposal doesn't undo those damage caps but ensures that owners can protect their investment if they need to.

Bob Moody of the National Association of Office and Industrial Properties says the bill could make it difficult to build certain developments.

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