C.R.S. Section 13-20-701
Legislative declaration


Federal and state environmental laws provide that the owner of real property is liable for cleanup of property contamination and define who is the owner of such property. If a borrower defaults on a loan, a lender must decide whether to foreclose and potentially become the owner. For fear of becoming liable for conditions they did not create, lenders are showing a reluctance to foreclose, thus leaving no one responsible for the cleanup. So that lenders can predict with more certainty what their costs will be when they foreclose, it is the intent of the general assembly to limit third-party liability for lenders who comply with certain conditions to the cost of cleaning up contaminants or pollution pursuant to federal, state, and local laws. In addition such limitations may also make lenders more willing to lend to certain types of businesses.

Source: Section 13-20-701 — Legislative declaration, https://leg.­colorado.­gov/sites/default/files/images/olls/crs2023-title-13.­pdf (accessed Oct. 20, 2023).

13‑20‑101
What actions survive
13‑20‑102
Effect of repeal
13‑20‑201
Legislative declaration
13‑20‑202
Civil causes abolished
13‑20‑203
Breach of contract to marry not actionable
13‑20‑204
Certain contracts made in settlement of claims void
13‑20‑205
Unlawful to file pleading
13‑20‑206
Unlawful to name corespondent
13‑20‑207
Corespondent not to be disclosed - cross-examination - effect
13‑20‑208
Penalty for violations
13‑20‑401
Definitions
13‑20‑402
Physician to provide information for written informed consent
13‑20‑403
Restrictions on electroconvulsive treatment - rights of minors
13‑20‑601
Legislative declaration
13‑20‑602
Actions against licensed professionals and acupuncturists - certificate of review required
13‑20‑701
Legislative declaration
13‑20‑702
Definitions
13‑20‑703
Environmental third-party liability - ownership
13‑20‑801
Short title
13‑20‑802
Legislative declaration
13‑20‑802.5
Definitions
13‑20‑803
List of defects required
13‑20‑803.5
Notice of claim process
13‑20‑804
Restriction on construction defect negligence claims
13‑20‑805
Tolling of statutes of limitation
13‑20‑806
Limitation of damages
13‑20‑807
Express warranty - not affected
13‑20‑808
Insurance policies issued to construction professionals
13‑20‑901
Class actions - appellate review
13‑20‑1001
Short title
13‑20‑1002
Legislative declaration
13‑20‑1003
Definitions
13‑20‑1004
Forum non conveniens
13‑20‑1101
Action involving exercise of constitutional rights - motion to dismiss - appeal - legislative declaration - definitions
13‑20‑1201
Definitions
13‑20‑1202
Civil cause of action for sexual misconduct against a minor - exceptions
13‑20‑1203
Limitation on action - retroactive application
13‑20‑1204
Waiver of liability void
13‑20‑1205
No contributory negligence - interest on damages - limitation on damages
13‑20‑1206
Attorney fees
13‑20‑1207
Applicability of part to public entities and public employees - damages - no duty to indemnify
Green check means up to date. Up to date

Current through Fall 2024

§ 13-20-701’s source at colorado​.gov