Home Owners Association 2011 New Requirements

A new Colorado law, House Bill 10-1278, created the HOA Information and Resource Center within the Colorado Division of Real Estate as a resource for consumers and HOAs to understand basic rights and duties under the Colorado Common Interest Ownership Act.  The new law, effective January 01, 2011, also imposes registration requirements on owners associations and provides that HOAs that fail to register will lose certain rights they otherwise have under the Colorado Common Interest Ownership act, specifically the rights to impose assessment liens, to enforce liens, and to collect enforcement costs and expenses.

At present, it appears that the Colorado Division of Real Estate is not prepared to implement the registration process; however, the Division is in the process of updating its system to provide for online registration of HOAs.  When its system is ready, we expect HOAs will be given a grace period to register before any action to revoke their rights is taken.