On March 18, 2013, Rep. Dominick Moreno and Sen. Mary Hodge introduced HB 13-1268 – Concerning a Disclosure of Possible Separate Ownership of the Mineral Estate in the Sale of Real Property. This summary is published here courtesy of the Colorado Bar Association’s e-Legislative Report.
The bill requires a seller to disclose in the sale of real property that a separate mineral estate may subject the property to oil, gas, or mineral extraction. A standard disclosure or a substantially similar disclosure is required. A seller that provides this disclosure is not liable for any damages of the purchaser from oil, gas, or mineral extraction. The bill cleared the House on April 2 and is assigned to the State, Veterans, & Military Affairs Committee in the Senate.