HB 1110

On February 9^th, House Bill 11-1110 (“HB 1110”) was passed by the Colorado House of Representatives and was referred to the Senate where it has been assigned to the Senate Committee on Business, Technology and Labor. HB 1110 is currently scheduled to be heard by the Senate Committee on Monday. Continue Reading House Bills 1110 and 1124 Being Heard in Committee on Monday

CAI’s Colorado Legislative Action Committee (“CLAC”) would like to thank all of you who participated in our Calls to Action on Senate Bill 11-122 (“SB 122”). As a result of your participation in the legislative process, SB 122 was defeated yesterday in the Senate Judiciary Committee. SB 122 has been classified as “postponed indefinitely.”

While SB 122…

The Senate Judiciary Committee voted in opposition to SB11-122 earlier today. This defeat of SB11-122 means that community association lien rights in foreclosure are preserved.

Thank you to everyone who contacted Judiciary Committee members to ask that they oppose SB11-122!

As you are probably aware, on February 2, 2011, House Bill 11-1197 (“HB 1197”) was introduced by Representative Deb Gardner in the Colorado House of Representatives. HB 1197 addresses the superlien provision of the Colorado Common Interest Ownership Act (“CCIOA”). The bill as originally introduced was detrimental to community associations in Colorado.

CAI’s Colorado Legislative Action Committee…

This morning Senate Bill 11-122 (“SB 122”) was heard before the Senate Judiciary Committee (“Committee”). As you know, if signed into law, SB 122 would destroy the ability of homeowner associations (“HOAs”) to assign junior lien rights to investors which would have a detrimental impact on the finances of many HOAs in Colorado. SB 122 – …

As we informed you in our February 2, 2011 blog posting, HB 1197 was introduced that day and addresses the superlien that homeowner associations ("HOAs") have under the Colorado Common Interest Ownership Act ("CCIOA").  As originally introduced, the bill was detrimental to HOAs. 

While the bill was originally scheduled to be heard tomorrow in the House Economic…

As you know, Community Association Institute’s Colorado Legislative Action Committee (“CLAC”) has been working on Senate Bill 11-122 (“SB 122”). If passed, SB 122 would destroy the ability of homeowner associations (“HOAs”) to assign junior lien rights to investors. This would have a detrimental impact on the finances of many HOAs in Colorado. SB 122 – A Gamble HOAs Can’t Afford Colorado to Take more fully explains the issue. 

CLAC has been working on another bill that could significantly blunt the negative impact of SB 122 on associations. While progress has been made, stakeholders have not yet approved a final rework of the legislation. As a result, we must take immediate action to defeat SB 122.

SB 122 is scheduled to be heard before the Senate Judiciary Committee on Tuesday morning. Please take a moment right now to call and email members of the Senate Judiciary Committee to ask them to vote NO on SB 122. Please make these contacts on Monday. 

Continue Reading SB 122 CALL TO ACTION: Contact Members of the Senate Judiciary Committee on Monday

As we informed you in our January 31^st blog entry, Senate Bill 11-122 (“SB 122”) was introduced for a second year in a row by Senator Lundberg. The bill, as currently written, would destroy the lien assignment market for HOAs – drying up an important revenue stream for associations in these tough economic times. Continue Reading SB 122 Scheduled for Hearing on Tuesday – Stay Tuned for Important Updates