Yesterday, Senate Bill 11-122 (“SB 122”) was introduced in the Colorado Senate. This bill is similar to the bill introduced by Senator Lundberg last year, lacking many improvements to help associations. The bill gives the highest bidder at a public trustee foreclosure sale a right to pay off junior lienors – including associationsGo to Resource
Category: State Legislation
HB 11-1110 has been introduced in the Colorado House. The bill which is an addition to and modification of the Nonprofit Corporation Act, attempts to extend the right of owners to attend board meetings, receive notice of meetings, and have an opportunity to speak prior to board action, to owners who are membersGo to Resource
The Colorado Division of Real Estate’s HOA Registration Database is now live and accepting registrations. However, HOAs have a grace period until March 1, 2011 to register online. This grace period was created by the Emergency Rule 4 CCR 725-5 adopted by the Colorado Department of Regulatory Agencies. The Emergency Rule provides thatGo to Resource
On June 6, 2010, Governor Ritter signed House Bill 1278 into law. As originally introduced, HB 1278 would have created an ombudsman to advocate for the rights of unit owners to the detriment of their associations. After lengthy negotiations, HB 1278 was completely rewritten and all references to an ombudsman and any advocacyGo to Resource
On June 21, 2010 the Denver City Council unanimously approved a new zoning code for the City and County of Denver. The new code took over 5 years to develop and became effective on June 25, 2010.