On January 31, 2012, Sen. Brandon Shaffer introduced SB 12-141 – Concerning Measures to Alleviate Difficulties Faced by Military Personnel in Qualifying for Home Mortgage Loans. This summary is published here courtesy of the Colorado Bar Association’s e-Legislative Report.
The bill eases occupancy requirements for members of the United States armed services who are deployed on active federal service for a period in excess of 60 days and who desire to obtain loans to purchase residences into which they plan to move following a period of deployment. The bill passed 3rd Reading on March 2 in the Senate and now awaits committee assignment in the House.
Since this summary, the bill has been assigned to the House Judiciary Committee.
Summaries of other featured bills can be found here.