As we predicted in 2022, the Colorado legislature has revised provisions that were created by House Bill 1137, which now means that community associations need to again update their Collection Policy.
What does this mean for you? Existing clients that previously received WLPP Collection Policies under House Bill 1137 will be entitled to a revised version at a discounted rate upon request. New clients, or clients that have not yet updated their policies as required by House Bill 1137, can reach out to any of our attorneys to discuss a fixed fee to ensure your community is compliant with its policy obligations.
House Bill 24-1337 goes into effect on August 7, 2024. Make plans now to have your updated policy in place! You can email covenants@wlpplaw.com to be directed an attorney who can assist.
In addition, please plan to attend one of our lunchtime classes on House Bills 24-1337 and 24-1233 and what they mean for you and future compliance and collection activities. Space is limited only to client Board members and client management representatives. You can register here for July 17 at 12:00 noon, or here for July 18 at 12:00 noon.