At the request of Representative Deb Gardner, the sponsor of House Bill 11-1197 (“HB 1197”), the bill was postponed indefinitely today by the House Economic and Business Development Committee. What does that mean? It means that HB 1197 is dead for this legislative session.Continue Reading Colorado Bankers Association Derails Superlien Bill at the 11th Hour

CAI’s Colorado Legislative Action Committee (“CLAC”) and members of CAI’s Attorney Committee have been working diligently on a rewrite of House Bill 11-1197 (“HB 1197”). As originally introduced, HB 1197 would have had a detrimental affect on the superlien which homeowner associations rely upon under the Colorado Common Interest Ownership Act (“CCIOA”). 

Representative Gardner, the sponsor of HB 1197, has worked closely with us and other stakeholders to rewrite the bill in a manner that is positive for everyone involved. As a result of these efforts, a strike-below has been drafted which will be heard by the House Economic and Business Development Committee on Thursday. Simply put, a strike-below means the provisions of the original bill are completely stricken and replaced with the language contained in the strike-below.Continue Reading Important Update from CAI’s Colorado Legislative Action Committee On the Superlien Bill (HB 1197)

The House Local Government Committee has just passed an overhauled version of House Bill 11-1124 (“HB 1124”) out of Committee on a 10-1 vote with a favorable recommendation to the full House of Representatives. The version passed by the Committee, known as a strike-below, does not include any of the onerous provisions contained in the original version of HB 1124 as described in our January 22^nd blog posting.Continue Reading Overhauled Version of HB 1124 Passes Out of Committee

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 – …