In an unfortunate but not unexpected move, Governor Polis signed HB22-1137 at 4:31 P.M. on June 3, 2022. Having an effective date of August 9, 2022, among other things the new law will require associations to post delinquency notices on doors while keeping owner collection accounts secret, translate owner notices if requested, and will likely result in associations suing owners more, not less, if compliance is not obtained, given the now very limited fining structure.
More clarification on the impact of HB22-1137 can be found in our latest newsletter article. However, as an immediate recommendation, we urge you to update your Collections, Enforcement, and Conduct of Meetings policies at your earliest convenience, so you can be prepared for the effective August 9th date.
It’s unfortunate that the Powers that Be felt this was a good idea.
Please contact any of our Altitude attorneys at [email protected] or 303-432-9999 if you have any questions on HB22-1137 or need assistance in updating any of the recommended policies.