In direct response to the issues occurring across the nation, Rep. Titone (D) (Wheat Ridge) introduced HB HB22-1387, titled an Act “Concerning Measures to Ensure that A Common Interest Community has Adequate Reserve Funds.” As drafted, HB22-1387 will do the following: Essentially the above will require a board to fully fund a reserveGo to Resource
Two more bills have been introduced aimed at addressing owner concerns with Common Interest Communities. As of now, this bill has no listed co-sponsors in either chamber and is not scheduled for a hearing. Please do not hesitate to contact an Altitude attorney at 303-432-9999 or [email protected] and stay tuned to our Legislative Tracker for more updatesGo to Resource
With all of the action surrounding the HOA Information Office Sunset Bill, the introduction of HB 20-1333 occurred without much fanfare. HB 20-1333, sponsored by Rep. Titone (D) takes HOA transparency issues, either imaginary or real, directly in its sights. The bill attempts to make homeowners associations more transparent by requiring all associationsGo to Resource
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