HB13-1276, Regulating HOA Debt Collection Practices (M. Carroll, Balmer & Williams)
This legislation asserts and protects the rights of homeowners in Colorado by limiting the ways in which HOAs may collect debts owed by homeowners. Among other protections, HB 1276 prevents HOAs from utilizing third-party collection agencies without first listing all debts, disclosing all legal remedies, and offering the owner a six-month payment plan, and strictly limits HOA foreclosure proceedings. Signed by Governor. Read more here.