186 views 38 sec 0 Comment

Proposed Bill to Affect HOA Foreclosure Sale Requirements (CO)

/ Owner - February 1, 2024

Introduced January 31, 2024 by Representative Naquetta Ricks, the proposed bill, HB24-1158, would severely hamper an HOA’s efforts to foreclose for unpaid assessments. The bill proposes that prior to turning over a delinquent account to collections or to an attorney for legal action, an HOA must send a notice to the owner that free information about collections and foreclosures may be obtained through the Department of Regulatory Agencies’ HOA Information and Resource Center.

Read the article…………………………….

Comments are closed.