This past summer, the Colorado legislature passed HB22-1137, which became effective on August 9, 2022. This new law requires Colorado associations to update their Collection Policy, Covenant Enforcement Policy and Conduct of Meetings Policy. Additionally, it requires several changes to the collections and covenant enforcement processes. This article focuses on the collections changes, but ifGo to Newsletter
Legislation Resources
One instance in which Colorado law favors transparency in homeowner associations is in the form of open Board meetings. Specifically, Section 308 of the Colorado Common Interest Ownership Act (“CCIOA”) provides that meetings of an association’s Board of Directors are generally open to attendance by all homeowners. The spirit of the law is to allowGo to Newsletter
Collection of delinquent assessments and enforcement of governing document violations are two of the most difficult actions tasked to an association. If HB22-1137 becomes law, they are about to become infinitely more difficult and certainly costlier in both time and expense. As of this posting, the bill has not yet made it to Governor Polis’sGo to Newsletter
In 1886, we were introduced to the first gasoline automobile powered by an internal combustion engine.[i] Today, we fast forward to more and more vehicles powered partially or totally on electricity. In 2018, the world saw a 64% increase in the use of electric vehicles (“EVs”), rising from 3.4 million to 5.6 million[ii]. Today nearlyGo to Newsletter