January 22, 2019

HB 14-1254: Requiring Unit Associations To Disclose Fees Charged by Association Manager

On February 3, 2014, Rep. Jeanne Labuda and Sen. David Balmer introduced HB 14-1254 – Concerning a Requirement to Disclose Fees Charged to a Unit Owners’ Association by a Community Association ManagerThis summary is published here courtesy of the Colorado Bar Association’s e-Legislative Report.

The bill requires a licensed community association manager who performs services for a homeowners’ association (HOA) through employees or subcontractors to fully disclose to the HOA, during contract negotiations and annually thereafter, all fees and charges that the manager will bill to the HOA for services performed by those employees or subcontractors.

The bill passed out of the House on February 26. On March 21, the Senate adopted the bill on 2nd Reading with amendments.

Since this summary, the bill passed 3rd Reading in the Senate.

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