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
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Good news: the hearing on the Superlien Bill, HB 11-1197, has been rescheduled for Thursday, 2/17/11, at 1:30 pm in the Economic and Business Development Committee. Negotiations led by Community Associations Institute’s Colorado Legislative Action Committee are continuing.
SB11-122 is now set for a hearing in front of the Senate Judiciary Committee next Tuesday morning. As we discussed in our February 1st post , we are not in support of the bill as it is currently drafted. There are continuing negotiations occurring which, if not productive, may mean that we needGo to Resource
HOAs have only two more weeks left to register! All post-CCIOA community associations must register with the Colorado Division of Real Estate by March 1, 2011 or face penalties. For details see our article “Homeowners Associations Must Register Before March 1, 2011“. If you have questions or would like help registering, contact AltitudeGo to Resource
The Judiciary Committee will not be hearing testimony today regarding SB 11-122, as previously blogged about on February 4, 2011. At this time, a new date has not been scheduled for the hearing. We will keep you posted on the next steps in the process and what you and your community members canGo to Resource