Allows you to change your (and your kingdom's) primary banner color at any time, and updates armor colors as well. Made for 1.5.2, reports say it works on 1.5.3 and 1.5.4 :)
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There are a few mods that did this, but I couldn't find one up to date that fully worked. Game would crash, or the banner colors would change but not the armor, this should handle that. No extra colors, just vanilla. (Press B in game to open the banner editing window)
This works on 1.5.2, and reportedly on 1.5.3 and 1.5.4, Let me know if it works/doesn't work on your version.
Save game safe. I hear that removal of some of the banner color changing mods can cause problems with saves, this doesn't do that because it doesn't add anything to your saves. No new colors added, just full control of the original ones is enabled. A game save after changing colors and removing this mod will just think that you've always been that color.