Tuesday, April 09, 2013

State Lawmakers Try To Rein In Homeowners Associations � CBS Denver

State Lawmakers Try To Rein In Homeowners Associations � CBS Denver: “Excesses fees, fines, add-ons, charging $100 to issue a letter to a homeowner indicating that their delinquent,” Rincevich said. “If you’re delinquent there should be a penalty, but too often it’s an execution, not a penalty.”

The bill passed out of committee and is headed to the full House.

Another bill that would better track HOAs, their number, how they resolve complaints, conduct elections and determine fees, also passed out of committee Tuesday.

In all there are four bills dealing with HOAs now making their way through the legislature.
It's legislative season and once again time for another round of HOA reform bills.

1 comment:

IC_deLight said...

Wonder how much $$$$ in terms of involuntary assessments have been taken and utilized by CAI lobbyists to fight this legislation ?

This an economic battle and extortion - attempting to preserve the ability of the HOA attorneys and management companies to threaten homeowners with tremendous loss in order to extort significant sums of money for the benefit of the members of the CAI trade group.

Those "contributions" that CAI extracts from HOA corporations were taken from homeowners under threat of foreclosure on their homes. Certainly lobbying for industry-favorable legislation is not so necessary that HOAs should have lien and foreclosure powers to collect such funds from homeowners. The fact that such assessment monies are being used for lobbying is clear evidence that HOAs simply do not need foreclosure power as claimed.

Homeowners should not have their involuntary assessments being used for industry anti-homeowner lobbying activities.

Accordingly, the HOA corporation should be required to obtain the written consent of each homeowner before contributing any portion of that homeowner's assessment monies to lobbying activities. Any lobbying monies contributed by the HOA are deemed to be a general expenditure to which every member of the HOA has contributed. Any party receiving lobbying monies from an HOA would be liable to the individual homeowner for 10 times the monies allocable to that homeowner for which the recipient does not have written consent from that homeowner.