July 18, 2019

SB 14-140: Requiring HOAs to be Subject to Entire Colorado Common Interest Community Act in Order to Foreclose Lien for Assessments

On Monday, January 27, 2014, Sen. Owen Hill introduced SB 14-140 – Concerning a Prohibition on the Exercise of Lien Rights Under the “Colorado Common Interest Ownership Act” by Unit Owners’ Associations that Do Not Elect to be Covered by the Entire Act. This summary is published here courtesy of the Colorado Bar Association’s e-Legislative Report.

The bill requires that, in order to establish or foreclose a lien for assessments, a homeowners’ association must be subject to the entire “Colorado Common Interest Ownership Act.”

On Feb. 17, the State, Veterans, & Military Affairs Committee heard testimony and considered the bill for committee discussion only; the bill will be put back on the calendar for action in the near future.

Since this summary, the State, Veterans, & Military Affairs Committee postponed the bill indefinitely.

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