The CFPB issued its 804 page regulation recently as a part of the rule making required by the Dodd Frank Act. Many of you may be saying why do I care? These rules are important because they now make it clear that lenders MUST consider not only a borrower’s ability to pay mortgageGo to Resource
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Effective January 1, 2013, minimum wage earners in Colorado received a raise. The state minimum wage increased $0.14 per hour resulting in new minimum wages of $7.78 per hour for non-exempt employees and $4.76 per hour for tipped employees. It is estimated that over 66,000 employees in Colorado benefited from the increase inGo to Resource
In countless communities, parking is tight and battles are plenty for associations when it comes to regulating parking in a fair and reasonable manner. Many associations contract with towing companies to assist with parking enforcement. In many situations, the towing company is given a blanket authorization to tow if vehicles are parked inGo to Resource
Renter or Tenants are often labeled as troublemakers in communities or the cause of reduced property values. Many associations consider prohibiting or limiting rental of units in their community for this reason alone. However, there may be less aggressive and cheaper ways to address concerns. For example, consider leasing rules which: Require allGo to Resource
An association in the Colorado Springs area passed a rule prohibiting owners from parking on public streets that run through the community (although guests may park in the streets). The rule was adopted in reliance on the following covenant provision, “Boats, recreational vehicles, campers, motor homes, trailers and other such vehicles shall beGo to Resource