---
type: "Bill"
title: "Reverse Mortgage Repayment When Home Uninhabitable"
description: "Under current law, the borrower in a reverse mortgage transaction is relieved of the obligation to occupy the subject property as a principal residence (principal-residence requirement) if the borrower is temporarily absent for up to 60 days or, if the property is adequately secured, for up to one year. The act adds a third exception to the principal-residence requirement to cover situations in which a natural disaster or other serious incident beyond the borrower's control (force majeure) renders the property uninhabitable, in which case the reverse mortgage does not become due and payable if:"
jurisdiction: "us/states/co"
legislature: "Colorado General Assembly"
session: "2023A"
identifier: "HB 23-1266"
citation: "Colorado HB 23-1266 (2023A)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["Janet Buckner", "Kyle Brown", "Naquetta Ricks", "Sonya Jaquez Lewis"]
version_count: 9
action_count: 14
vote_count: 2
first_action: "2023-03-27T06:00:00+00:00"
last_action: "2023-06-07T06:00:00+00:00"
source: "openstates"
source_identifier: "ocd-bill/bdc731ed-f1ae-4fc4-a895-1d026255e904"
source_url: "https://leg.colorado.gov/bills/hb23-1266"
source_hash: "85b549a4bd51f1626085a01f4e194a7a4c36fc46eb711ae0f121eb77cf30a49f"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-co"]
---

# Colorado HB 23-1266 (2023A) — Reverse Mortgage Repayment When Home Uninhabitable

Under current law, the borrower in a reverse mortgage transaction is relieved of the obligation to occupy the subject property as a principal residence (principal-residence requirement) if the borrower is temporarily absent for up to 60 days or, if the property is adequately secured, for up to one year. The act adds a third exception to the principal-residence requirement to cover situations in which a natural disaster or other serious incident beyond the borrower's control (force majeure) renders the property uninhabitable, in which case the reverse mortgage does not become due and payable if:

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Committee Amendment** (committee substitute) — [source](https://leg.colorado.gov/sites/default/files/2023a_hb1266_s_lgh_001.pdf)
2. **Engrossed (04/14/2023)** (committee substitute) — [source](https://leg.colorado.gov/sites/default/files/documents/2023A/bills/2023a_1266_eng.pdf)
3. **Final Act (05/05/2023)** (committee substitute) — [source](https://leg.colorado.gov/sites/default/files/documents/2023A/bills/2023a_1266_enr.pdf)
4. **Introduced (03/27/2023)** (committee substitute) — [source](https://leg.colorado.gov/sites/default/files/documents/2023A/bills/2023a_1266_01.pdf)
5. **PA1 (04/12/2023)** (committee substitute) — [source](https://leg.colorado.gov/sites/default/files/documents/2023A/bills/2023a_1266_h_thl_01.pdf)
6. **Reengrossed (04/17/2023)** (committee substitute) — [source](https://leg.colorado.gov/sites/default/files/documents/2023A/bills/2023a_1266_ren.pdf)
7. **Rerevised (04/27/2023)** (committee substitute) — [source](https://leg.colorado.gov/sites/default/files/documents/2023A/bills/2023a_1266_rer.pdf)
8. **Revised (04/26/2023)** (committee substitute) — [source](https://leg.colorado.gov/sites/default/files/documents/2023A/bills/2023a_1266_rev.pdf)
9. **Signed Act (06/07/2023)** (committee substitute) — [source](https://leg.colorado.gov/sites/default/files/2023a_1266_signed.pdf)

## Votes

- BILL — **30–5** (pass) · upper
- BILL — **46–19** (pass) · lower

## Sponsors

- Janet Buckner — primary (person)
- Kyle Brown — primary (person)
- Naquetta Ricks — primary (person)
- Sonya Jaquez Lewis — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2023-06-07T06:00:00+00:00** Governor Signed `executive-signature`
- **2023-05-05T06:00:00+00:00** Sent to the Governor `executive-receipt`
- **2023-05-05T06:00:00+00:00** Signed by the President of the Senate
- **2023-05-04T06:00:00+00:00** Signed by the Speaker of the House
- **2023-04-27T06:00:00+00:00** Senate Third Reading Passed - No Amendments `passage, reading-3`
- **2023-04-26T06:00:00+00:00** Senate Second Reading Passed - No Amendments `reading-2`
- **2023-04-24T06:00:00+00:00** Senate Second Reading Laid Over Daily - No Amendments
- **2023-04-20T06:00:00+00:00** Senate Committee on Local Government & Housing Refer Unamended to Senate Committee of the Whole `committee-passage, referral-committee`
- **2023-04-18T06:00:00+00:00** Introduced In Senate - Assigned to Local Government & Housing `introduction`
- **2023-04-17T06:00:00+00:00** House Third Reading Passed - No Amendments `passage, reading-3`
- **2023-04-15T06:00:00+00:00** House Third Reading Laid Over Daily - No Amendments
- **2023-04-14T06:00:00+00:00** House Second Reading Special Order - Passed with Amendments - Committee, Floor
- **2023-04-11T06:00:00+00:00** House Committee on Transportation, Housing & Local Government Refer Amended to House Committee of the Whole `committee-passage, referral-committee`
- **2023-03-27T06:00:00+00:00** Introduced In House - Assigned to Transportation, Housing & Local Government `introduction`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/bdc731ed-f1ae-4fc4-a895-1d026255e904`. Confidence: reported (aggregated from official Colorado legislature records).