As a number of the complaints received by the Division of Real Estate’s Homeowner Association Office related to transparency of associations, the Colorado legislature attempted to clarify what constituted an association record. HB 1237 seeks to resolve the confusion in reference to what is or is not an Association record. While nearly dyingGo to Resource
Category: State Legislation
As reported in today’s Side Streets blog post, Aaron Acker has resigned. Mr. Acker ran the HOA Information & Resource Center, which was created under HB 1278 to provide information on the rights and duties of unit owners, developers and associations under the Colorado Common Interest Ownership Act. The Center is housed withinGo to Resource
Last week the Colorado Senate passed HB12-1237 with limited amendments. The House must now approved the Senate’s amendments which is expected to happen anytime. One of the amendments approved by the Senate is very beneficial to associations. It clarifies that only written communications among board members that are related to action taken byGo to Resource
On April 12, 2012, Governor Hickenlooper signed SB12-030. This bill become law on September 1, 2012, and will apply to foreclosures started after that date. While most of the bill is administrative in nature and has minimal impact on associations we will be updating our processes to comply with the new requirements.
SB12-030 passed the House on Third Reading yesterday and will now be forwarded to the Governor for signature. The bill will not have any impact on much of what associations do except for the the selling of liens. In order to maximize association recovery in connection with lien assignments it will be veryGo to Resource