October 1, 2014

HB 13-1134: Empowering HOA Information and Resource Center to Perform Certain Regulatory and Investigatory Actions

On January 18, 2013, Rep. Su Ryden and Sen. Morgan Carroll introduced HB 13-1134 – Concerning Unit Owners’ Associations Under the “Colorado Common Interest Ownership Act.” This summary is published here courtesy of the Colorado Bar Association’s e-Legislative Report.

The HOA information and resource center (center) was created in 2010 to track inquiries and complaints related to unit owners’ associations (a/k/a homeowners’ associations or HOAs) and report them to the director of the division of real estate (director). The center also serves as a clearinghouse for information concerning the rights and duties of unit owners and associations. The center does not have regulatory or investigative power. The bill empowers the center to perform certain regulatory and investigative actions. The bill directs the director to calculate the annual fee paid by associations to support the center’s operation on a per-unit basis and provides a formula for the director to use to calculate each association’s fee. The bill amends the annual registration provisions. The bill is assigned to the Business, Labor, Economic, & Workforce Development Committee.

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