From Capitol Hill/Legislation

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There’s no doubt about it that the flooding in Colorado has been absolutely devastating.  In fact, insurance professionals are now classifying this natural disaster as a one thousand year flood event!  If you are in the unfortunate position of having no insurance or inadequate insurance to cover your losses, check out this FEMA Fact Sheet on Federal Aid…

I previously blogged about the necessity of updating association collection policies and procedures as a result of recent legislative changes effective on January 1, 2014.  

In addition to preparing a revised collection policy, associations are also required to send new collection notices which provide specific information to delinquent owners. The notices must provide the…

CAI National has just published the following statement on a new Freddie Mac policy addressing delinquencies in superlien states.  Since Colorado is lucky enough to be a superlien state, this new policy will impact Colorado HOAs.  Here is what CAI has to say about the new policy: Continue Reading Freddie Mac Revises Policy on Assessment Delinquencies in Superlien States

It is my pleasure once again to teach the annual Legislative Update for Homeowner Associations which is hosted in Aspen by the Aspen/Pitkin County Housing Authority (APCHA).  This seminar is free of charge and is open to board members, homeowners and HOA managers.  If you live in the Aspen area or are vacationing there, please join us for this seminar!  In addition to the information in this APCHA flyer, here are some specifics you need to know:

Date of the Seminar:  Thursday, August 22, 2013

Time:  11:30 am to 1:30 pm

Location:  Aspen City Council Chambers located at 130 South Galena Street

For more information and to RSVP, please call APCHA at 970-920-5050

Hats off to APCHA for providing this outstanding service for those living in and serving HOAs in the Aspen area!Continue Reading HOA Legislative Update Class Hosted by APCHA in Aspen!

If you remember during the mortgage meltdown a few years ago, Fannie Mae and Freddie Mac became embroiled in scandal and bad press.  It now looks like there is some movement in the United States Congress to deal with Fannie and Freddie.  CAI National has just reported that eight United States Senators have introduced a bill that would wind down the operations of these quasi-governmental entities.  The big question is whether or when the bill will get traction.  Here’s what CAI has reported: Continue Reading Bill Introduced in United States Senate to Replace Fannie and Freddie

The Colorado General Assembly concluded its 2013 session on Wednesday after approving several pieces of legislation that impact community associations. We have covered the legislation from start to finish and will continue to provide updates on key legislation, such as the new manager licensure law, as it moves through rule-making and implementation. For now…

Members of Community Associations Institute in Colorado have received the following update from CAI’s Colorado Legislative Action Committee on the HOA Reform Package of bills: 

HOA Reform Bills Cross the Legislative Finish Line With Little Time to Spare

 

It is an understatement to say that the 2013 legislative session has been a busy one for CAI’s Colorado Legislative Action Committee (CLAC)! As you know, key legislators introduced a package of bills they called the HOA Reform Package which was aimed at providing consumer protections for owners and residents in HOAs. While CLAC did not author the bills, we were extremely involved in working the legislation in an effort to seek a balance between the rights of individual homeowners with their associations as a whole. While some folks have said that we just should have killed some of the bills, given the make-up of the legislature, we knew this was an impossible task and ultimately wouldn’t serve anyone well. As a result, we rolled up our sleeves and got to work. We are pleased with the results of our work with key legislators and ultimately ended up coming out in support of the following four pieces of legislation. 

Continue Reading Update from CAI’s Legislative Action Committee on HOA Reform Bills