So far during the 2011 legislative session, we’ve seen a number of bills and a lot of action on issues that may impact the community association industry in Colorado. Fortunately, nothing has yet passed that would have a significant negative impact. The only bill left to watch carefully is the Superlien bill, whichGo to Resource
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As you should all know by now, HB 1278 is in full swing. The bill created an HOA Information & Resource Center, which is now being run by new HOA Information Officer Aaron Acker. As reported in Side Streets, a Colorado Springs Gazette blog dedicated to neighborhood and HOA-related stories, Mr. Acker recentlyGo to Resource
A group of condominium owners has filed a lawsuit against a bank and developer. The owners decided legal action was necessary when 3 of them could not refinance their loans because the community did not meet the 2009 Fannie Mae underwriting guidelines. The primary complaint is that the bank who sold to theGo to Resource
Once again, in a move that enables continued negotiations on this important bill, the hearing on the Superlien Bill, HB 11-1197, in the House and Economic and Business Development Committee has been postponed until next Tuesday. We hope this postponement will enable amendments to the bill that are more favorable to homeowners associationsGo to Resource
In part due to the comments from and engagement of stakeholders in the homeowner association industry, the Senate Judiciary Committee today voted 5-4 to indefinitely postpone SB 11-122, the Junior Lienholder Bill. It’s not over yet: the bill can still be brought back this session, and it is likely that the bill’s sponsorsGo to Resource