HOA Registry: New Information from Division of Real Estate
The Colorado Division of Real Estate (“Division”) has just provided the following updated information on the HOA Registry:
- All HOAs must formally register with the Division of Real Estate prior to March 1, 2011.
- The online registration process will be available for use on January 3, 2011.
- The registration fee for each HOA will be $8.93. Associations with annual revenues of $5,000 or less OR are not authorized to levy assessments and do not have any revenue – are not required to pay the $8.93 fee.
- All registrations must be completed online. The HOA Information and Resource Center will not accept paper applications or cash or checks for payment.
As we noted in our December 17th blog posting, all associations in Colorado have been granted a temporary and automatic registration by the Division that is valid through February 28, 2011. The Division promulgated this emergency rule to ensure that associations were not penalized for failing to register by the initial statutory deadline of January 1, 2011.
We will provide you with a link to the online registration as soon as it becomes available.