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On January 21, 2021, Governor Polis signed Senate Bill 21-002 into law. The Bill effectively extends the prohibitions on creditors from taking extraordinary actions to recover debt, to June 1, 2021. There were no changes to the original Bill (SB 20-211). In June of last year, SB 20-211 was approved, limiting creditors, including owner associations, […]

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In late June, SB 20-211 was approved, limiting creditors, including owner associations, from taking extraordinary actions to recover assessment delinquencies.  Specifically, associations are prohibited from garnishing wages, levying bank accounts or otherwise executing on a court judgment.  The Act is intended to provide some relief to individuals who have been financially impacted by the COVID […]

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The Colorado Legislature is currently on a fast track to consider a Bill (Senate Bill 20-211) which will greatly impact an association’s ability to collect delinquent assessments. The Bill has passed through the State Senate and is now under review by the House. Below is a summary of the current proposal: The Bill would restrict […]

Normally, property taxes on common areas are paid by the membership through taxes on their own property.  For the members of an exclusive San Francisco community, however, an unpaid tax bill lead to the sale of the private street that fronts their homes.  How did this happen?  Bad record-keeping or the failure to record the […]

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