Introduced January 31, 2024 by Representative Naquetta Ricks, the proposed bill, HB24-1158, would severely hamper an HOA’s efforts to foreclose for unpaid assessments. The bill proposes that prior to turning over a delinquent account to collections or to an attorney for legal action, an HOA must send a notice to the owner thatGo to Resource
Category: Colorado Community Association Law
** This article was originally published in in the CAI-RMC Common Interest Magazine Vol. 41, No. 6: Planning Ahead/Goals/Community Visions issue ** I was asked to write an article about loneliness in our industry. Where to begin when there’s so much to say? Covid-19 and forced isolation? The curse of technology on qualityGo to Resource
More HOA legislation is here! Five new bills have been released so far this January, including HB24-1078, also known as the Community Manager Regulation Bill. Below is an introduction to each of the remaining four bills released this month (so far). SB24-005 – Prohibit Landscaping Practices for Water Conservation – Here is aGo to Resource
One of the most difficult questions posed to a condominium association board is: Who is responsible for damage caused by a water leak? For example: water comes through the roof, intrudes into and damages upper condo unit #1, passes through and damages the common element walls and floors along the way, then endsGo to Resource
The Corporate Transparency Act (“CTA”), which was was originally enacted by Congress on January 1, 2021 for the purpose of preventing money laundering, tax fraud, and other similar activities, requires small corporations in the United States to file reports with the Financial Crimes Enforcement Network (“FinCEN”) on or before December 31, 2024, disclosingGo to Resource