|Colorado HOA Forum: Homeowner Advocates
|The Colorado HOA Forum’s legislative Goals and Objectives
Include an out of court binding dispute resolution process in all Colorado HOA laws (replace courts and mediation)
Improve upon Colorado legislation that licenses HOA property managers
Require property managers to provide home sellers a detailed receipt for HOA Home Sales Transfer Fees prior to home
closing and require an explanation of the fee on the billing indicating the property management company determines
and retains the fee, the billing includes detail as to what, when and how much each service was completed to earn the
fee, and statement that the fee is not required by law or by the HOA: no fee should include charges for services that are
not exclusive to the home sale.
Limit fees and administrative assessments on HOA debt.
Increase the roles, responsibilities, authority, and enforcement capabilities of the Colorado HOA Information Office and
Resource Center including involvement in administering an out of court binding dispute resolution process
Require Realtors and HOA home buyers to be provided with the following information and certify they received and read
them: a copy of the HOA's governing documents; information on insurance coverage provided via the HOA; any HOA
homeowner debt or HOA liens associated with the home; a current HOA financial statement; the amount of HOA dues;
any current and/or planned special assessments; status of the HOA reserve fund; the number of rentals and
foreclosures in the HOA; rental restrictions and other items identified in our HOA Home Buyers Guide.
Term limits on HOA Board members when others are willing to serve.
Include as part of the HOA registration process a certification that HOA Board members read their own HOA governing
documents and applicable information posted on the State's HOA Office’s web site concerning State HOA law.
Limit the amount of special assessments an HOA Board can levy without approval of home owners.
Require HOA Boards to gain home owner approval prior to entering into law suits using HOA funds.
Require HOA rental property owners to utilize part of every rent payment to pay HOA dues and other HOA debt
Election and voting reform including banning default of proxies to Boards and limits on the number of proxies that can
be executed by absentee owners and property speculators.