Payment Plan Offer Letters & Top Pitfalls We’re Seeing (CO)

Back in 2013, HB-1276 was adopted in the Colorado legislature, which required an overhaul of Collection Policies and pre-collection procedures. That change took effect on January 1, 2014. Now that it’s been 7 years and several new laws that impact Associations later, it’s easy to lose track of the details. We’ve seen a trend of Associations changing their procedures and payment plan offer letters in ways that are violating the law.   Read the entire article……………………………….

Editor

Recent Posts

The ABCs of HOA Covenant Enforcement

There is perhaps no task more vexing for a Board of Directors than enforcing the…

6 hours ago

Bright street lights steal homeowners’ sleep (NV)

Q: Six months ago our homeowners association began replacing working streetlights with new ones. The…

7 hours ago

The Ethics of the Fiduciary Duty from the Litigators’ Lens

The topic of an association's board of directors' fiduciary duties is not new to this…

8 hours ago

There is No “I” in Board – The Collective Responsibility of Your Condo Board

Condominium and common interest community associations operate under a board of directors typically comprised of…

8 hours ago

To Give or Receive: A Guide to Crafting a Gifting Policy for Managers, Management Companies, and Boards

Gift-giving in the workplace amongst managers, management companies and vendors can be a thoughtful gesture,…

8 hours ago

Community Cohesion

While HOAs can sometimes be subject to misconceptions, cultivating community cohesion can transform them into…

8 hours ago