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 […]
Legislation
Legislative Changes in July Prompts Adoption of New Policies by HOAs Recent changes to provisions in CCIOA likely contradict what your current governing documents reflect on the use of artificial turf and drought-tolerant landscaping, and the display of flags and signs. House Bills 21-1229 and 21-1310 (“Bills”) were both signed by Governor Jared Polis earlier […]
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, resulting in limits on collection activity. There were no changes to the original Bill (SB 20-211). In June of last year, SB 20-211 was […]
HOA Information Office – Continued by the Legislature 2020 HOA Legislation The State’s HOA Information Office and its HOA Officer were continued for 5 more years. The State office was due to end (or “sunset”), but was renewed by HB 20-1200 (“Bill”). The Bill also establishes a state law standard on limited religious displays on […]
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 a court judgment. The Act is intended to provide some relief to individuals who have been financially impacted by the COVID-19 virus. […]