HB25-1043 becomes effective on October 1, 2025. The Bill will impact how homeowner associations conduct lien foreclosures to collect unpaid assessments. Below is a summary of the changes to the process and new requirements. Presently, prior to commencing foreclosure, associations are required to send unit owners a 30-day Notice of Intent to Foreclose (“Notice”), in […]
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 […]
Proposed HB25-1043 may further hinder associations’ ability to recover delinquent assessments. In 2022 (HB22-1137) and again in 2024 (HB24-1337), the General Assembly passed legislation that limited an association’s ability to seek recovery of unpaid assessments. HB25-1043 is the latest effort to further curtail an association’s ability to pursue legal remedies to collect legitimate owner delinquencies. […]
As a community association’s volunteer Board member or manager, it is your fiduciary responsibility to protect the association (to the best of your ability) from embezzlement, misappropriation of funds, or fraudulent billing. Below are some key strategies to protect the community against fraud and embezzlement. Be transparent with your members about income and spending. If […]
It’s back!! The nationwide injunction pausing enforcement of the Corporate Transparency Act (CTA) was lifted on February 17, 2025, reinstating the beneficial owner information (BOI) reporting requirements for applicable communities. For more information regarding the CTA, check this blog. The deadline to file the report is now March 21, 2025. If your HOA has not […]
As we navigate and set objectives for 2025, there is no better time to remind ourselves that leading with civility, knowledge, and compassion is crucial to building and maintaining stronger communities. Occasional negative bias and misperceptions about community associations in recent years has, in some instances, led to increased tension and polarization between individual homeowners, […]
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 […]
2025 marks a significant milestone for our law firm as we proudly celebrate our 20th anniversary. Formed on January 5th in 2005, Lauren Holmes and Candyce Cavanagh opened a small office in Golden with the commitment of providing exceptional legal services to common interest communities throughout Colorado. Through the years, that unwavering commitment has been […]
Corporate Transparency Act As many of you may know, a federal court in Texas had issued a nationwide injunction against enforcement of the beneficial ownership information report filing deadline. Late on December 23, 2024, the United States Court of Appeals for the Fifth Circuit granted a stay of that injunction. This means that the filing […]
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