News and Legal Updates

  • Quarterly HOA Manager Breakfast

    The Rocky Mountain Chapter of CAI now has quarterly manager breakfasts – designed specifically for HOA managers and only managers.  No HOA board members, HOA attorneys or others are allowed! The first breakfast is set for Wednesday, March 4th at 7:30 am at LePeep’s at 1699 S. Colorado Blvd.  These quarterly breakfasts allow managers to get together, work through successes, concerns and frustrations.  You can register through the CAI RMC website.  Managers are encouraged to a ...

    by Jerry Orten
    Monday, 02 March 2015
  • 2015 Construction Defect Reform Legislation

    The State Legislature is considering changes to construction defect law under Senate Bill 2015-177 and Senate Bill 2015-91.  These bills would make it harder for HOAs to bring construction defect lawsuits against developers. Senate Bill 177 would amend the Colorado Common Interest Ownership Act (CCIOA), not the Construction Defect Action Reform Act (CDARA).  This bill would require a majority vote of unit owners rather than just a majority vote of the board; require the HOA to inform ...

    by Jerry Orten
    Wednesday, 25 February 2015
  • Affordable Housing Fund Proposed – Backed by Recording Fees

    State Senator Ulibarri has introduced Senate Bill 2015-79 to seek to fund statewide affordable housing through a surcharge on recording fees of County Clerks and Recorders.  Community associations record notices of liens, notices of violations, amendments to declarations and more.  This bill, if passed, will have fiscal impact on associations.  The extent of which will depend on the number of documents recorded.  Under current law, each County Clerk and Recorder collects a ...

    by Candyce Cavanagh
    Friday, 16 January 2015
  • Director of the Colorado Division of Real Estate Adopts Emergency CAM License Rules A, C and D

    On January 6, 2015, the Director of the Colorado Division of Real Estate for the Department of Regulatory Agencies (“Division”) adopted Emergency Rules A, C and D related to Community Association Manager (“CAM”) licensure.  The adopted Emergency Rules outline the qualifications, education, testing, licensing, and insurance requirements necessary for CAM license applications and will expire on May 6, 2015.  It is anticipated that the Division will schedule a permanent rule-ma ...

    by Kelly Morrow
    Wednesday, 07 January 2015
  • FHFA Seeking Federal Court Intervention Over Lien Priority Statutes

    The Federal Housing Finance Agency (FHFA) released a statement expressing concern over state statues, which allow community associations to obtain lien priority over first mortgages for unpaid assessments.  This includes Colorado's Super Lien statute.  The FHFA is asking for the federal court to intervene in order to seek help for those mortgage services that have failed their contractual obligations to Fannie Mae and Freddie Mac.  Tom Skiba, Chief Executive Officer of Community A ...

    by Jerry Orten
    Wednesday, 24 December 2014
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