The Federal Housing Finance Agency (“FHFA”) recently changed its mind on how Private Transfer Fees (PTFs) should be regulated. A PTF is a deed-based fee that requires a percentage of a home’s sale price to be paid every time the property is sold. Previously, the FHFA proposed a rule that would have restrictedGo to Blog
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HB11-1107 was introduced today in the Colorado House of Representatives. This bill, as introduced, is not favorable to associations. The bill is an attempt to amend and clarify the rights of associations as they relate to super liens. The bill allegedly brings certainty to the calculation of associations’ super liens and how theyGo to Blog
HB11-1110, was amended yesterday in Committee to specifically exclude associations and other entitles from the definition of Residential Nonprofit Corporation. This is a positive move which is supported by Altitude Community Law. The bill has now been recommended to the full House for consideration. We will keep you posted if this exclusion isGo to Blog
Yesterday, Senate Bill 11-122 (“SB 122”) was introduced in the Colorado Senate. This bill is similar to the bill introduced by Senator Lundberg last year, lacking many improvements to help associations. The bill gives the highest bidder at a public trustee foreclosure sale a right to pay off junior lienors – including associationsGo to Blog
This was a topic of some lively debate between some panelists during a class at the CAI Law Seminar held in Las Vegas recently. A majority of the panelists took the position that associations should only notify residents of how to get information about registered sex offenders that may live in the area,Go to Blog