News and Legal Updates

  • U.S. House Passes FHA Approval Process Changes

    On February 2, 2016, H.R. 3700, the “Housing Opportunity through Modernization Act” passed out of the U.S. House of Representatives and was referred to the U.S. Senate by a vote of 427-0.  H.R. 3700 addresses problems with the current FHA condominium program.  The bill directs the Secretary to streamline the project certification requirements so that recertifications are substantially less burdensome than certifications.  The bill also directs the Secretary to consider lengthening ...

    by Candyce Cavanagh
    Friday, 05 February 2016
  • Following Suit to Avoid (Law)suits?

    As state legislators struggle to develop a cohesive approach to construction defect reform in Colorado, several cities continue their efforts to address this at the local level. Despite recent statements by the Governor advocating a state-level approach, local municipalities are still considering whether to take this on. Most recently, the City of Longmont announced that it is exploring additional measures to address construction defect reform. According to one member of the Longmont city counci ...

    by Aaron Goodlock
    Friday, 22 January 2016
  • Colorado Governor Supporting Construction Defect Reform

    Governor John Hickenlooper recently called upon the state assembly to continue bipartisan efforts to address construction defect reform in 2016. Based on the Governor’s comments, Coloradans will once again see bills introduced to try to balance the interests of builders, owners and HOAs.  According to the Governor, the issues surrounding construction defect reform are “too important to give up on.”  This perspective from the Governor is supported in light of recent attempts to address ...

    by Aaron Goodlock
    Wednesday, 20 January 2016
  • DORA Position on Management Company Record Retention

    The state has clarified management company record retention requirements following termination of an Association’s management contract.  The management company is required to retain former HOA documents that were produced or involved the management company during the management term.  Those records must be kept for 3 years after termination.  The management company is not required to retain any HOA documents that are publicly recorded or documents created prior to inception of the ...

    by Kelly Morrow
    Monday, 18 January 2016
  • Beware

    Unlicensed HOA Manager? Watch out!

    Community Association Managers and HOAs beware! Nearly 6 months after community association managers were required to be licensed, the State is taking action against individuals and management companies that have yet to meet the requirements of the new law. As of July 1st, 2015, State law requires individuals and companies who manage HOAs without a license to cease doing business and terminate their management contracts. The state may fine or impose sanctions for violations. Unsure if your man ...

    by Aaron Goodlock
    Thursday, 24 December 2015
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