So far this winter, the Denver area has experienced mostly unseasonably warm, dry weather, which has spared us from the usual flurry of frozen pipe claims. But as the frigid temperatures of the last few days have reminded us, Colorado weather changes often and a cold snap is likely to strike at anyGo to Resource
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In Florida, delinquent owners are prohibited from serving on their association’s board. While Colorado does not have a similar law we do recommend that associations include such a requirement in their bylaws. Why? If you want owners to take the assessment obligation seriously, board members should do so as well. After all, theyGo to Resource
This morning, the Consumer Financial Protection Bureau released its federal Qualified Mortgage standard. The new guidelines establish minimum requirements for all mortgage loans which now include association assessments. Lenders are required to prove that borrowers have the financial resources to pay mortgage principal and interest, insurance premiums, property taxes and association assessments. IfGo to Resource
**Please note this law was updated through HB1125 with respect to publication of owner email addresses and phone numbers with owner consent. In the world of homeowner associations, “transparency” is the word of the day. On January 1, 2013, the provisions of HB1237 concerning association records went into effect. HB1237 amends the Colorado CommonGo to Resource
Get ready for an action packed legislative session! Senator Morgan Carroll is prepared to introduce bills that will give the HOA Information Officer more power and transform the position from a collector of information and provider of resources into an enforcer and advocate for owners, or as Bill Vogrin of Side Streets callGo to Resource