Colorado HB25-1182 is an effort to help reduce and mitigate property insurance costs. The Bill has several components. However, the crux of HB25-1182 is to compel insurance carriers and underwriters to account for fire mitigation strategies implemented by property owners and communities when issuing, renewing (or nonrenewing), and pricing property insurance. Property-specific fire mitigation measures and/or […]
HB25-1123 continues to take shape as it makes its way from the Colorado House to the Senate. In its current form, proposed HB25-1123 builds and expands on existing provisions in the Colorado Common Interest Ownership Act (CCIOA) regarding alternative dispute resolution. Specifically, House Bill 25-1123 seeks to implement mandatory dispute resolution processes and procedures for […]
The latest installment of the Corporate Transparency Act (CTA) saga occurred today, January 23, 2025, when the U.S. Supreme Court reinstated the CTA beneficial owner information (BOI) reporting requirements, pending appeal on the merits of the underlying lawsuit. Previously, a nationwide injunction was entered, temporarily halting enforcement of the CTA. In the interim, federal legislation […]
Legislative Update As the legislature approaches the end of the 2023 session (the legislature adjourns on May 6), various uncertainties remain. Several bills remain pending, including: Creation of a Homeowners Association and Metropolitan District Task Force (HB 23-1105); Regulation of water-wise landscaping in common interest communities (SB 23-178); Electric vehicle and charging requirements (HB 23-1233); […]
HB 22-1137 On June 3rd, Governor Polis signed Colorado House Bill 22-1137. After months of opposition and support from homeowners and other stakeholders, the new law will become effective on August 10, 2022. As a result of the new law, associations will need to: Evaluate and make changes to procedures for assessment collection and covenant […]
The Colorado legislative session commenced on January 12, 2022. Several bills have been introduced that, if enacted, would directly affect HOAs. Certain aspects of the 2022 legislation may adversely impact common interest community homeowners, boards of directors, managers, and other stakeholders. Those bills are: SB 22-060 To Limit Assessment Increases HB 22-1040 Homeowners’ Access to […]
FHA Proposes Rule Restricting Reverse Mortgages in Super Lien States Recently proposed changes in FHA lending programs and guidelines could have drastic effects for 22 states and the District of Columbia. Colorado is included in the states that will be impacted. The proposed reforms would restrict owners’ eligibility for Home Equity Conversion Mortgages (i.e., reverse […]
Negotiations collapsed last week over proposed statewide construction defect legislation. The future of construction defect (CD) reform remains to be seen. What’s clearly evident is that many cities and local municipalities are not afraid to take matters into their own hands. But how effective are local ordinances? In a recent decision, City of Fort Collins […]
No Support for Support Animal Bill Colorado House Bill 16-1201 has been killed by vote of a house committee. This bill would have established additional regulations for emotional support animals. Although the proposed bill did not attempt to provide guidelines for determining when support animals must be permitted under state and federal fair housing laws, […]
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 […]
Follow Us
