We are heading into the bottom of the 9th inning, and the Legislature has brought in their clean-up hitters to deal with the remaining bills on their agenda. With the session ending on May 11, the two bodies are scrambling to finish up the session’s work and take final action on all remaining bills. So,Go to Article
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At Altitude Community Law, it’s important that we keep our clients up to date with the most recent information in the community association industry. As part of our educational strategies, our newsletters and blogs will give you deeper insight into the intricacies of community association law. We believe that the right attitude stems from being well versed in the knowledge necessary for community association operations, governance, and enforcement.
Below, check out the most recent news and in-depth insight by our Altitude Team:
In direct response to the issues occurring across the nation, Rep. Titone (D) (Wheat Ridge) introduced HB HB22-1387, titled an Act “Concerning Measures to Ensure that A Common Interest Community has Adequate Reserve Funds.” As drafted, HB22-1387 will do the following: Require the Developer of a Community to provide a reserve study for the communityGo to Article
Of the original six bills concerning homeowners’ associations, four have been acted upon and either passed into law or postponed, leaving three bills left. Yes, I know the math doesn’t work unless you add HB 22-1314 which is not titled as an HOA bill but does impact common interest communities (more on this below). AsGo to Article
Three of the bills aimed at common interest communities are all scheduled to be heard on March 9, 2022, in the afternoon session of the House Committee on Transportation and Local Government. The three bills are HB22-1239, which is the regulation of community association managers and, more appropriately, the regulation of community association management companies. Go to Article
With the new legislative session comes the desire to recreate a COVID era restriction and make it permanent. Hence, we have SB22-086. If signed into law as currently written, SB22-086 would greatly limit an association’s ability to collect delinquent assessments. The two main ways associations can collect involuntarily are through either a bank garnishment orGo to Article