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Legislative Year: 2024 Change
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Bill Detail: HB24-1233

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Title Homeowners' Association Delinquency Payments Enforcement Procedures
Status Introduced In Senate - Assigned to Local Government & Housing (03/15/2024)
Bill Subjects
  • Housing
House Sponsors M. Snyder (D)
D. Wilson (R)
Senate Sponsors R. Gardner (R)
D. Roberts (D)
House Committee Transportation, Housing and Local Government
Senate Committee Local Government and Housing
Date Introduced 02/12/2024
Summary

House Bill 22-1137, enacted in 2022, imposed a number of
procedural requirements on unit owners' associations (HOAs) with
respect to collecting payments from unit owners with delinquent
accounts. The bill changes some of these procedural requirements by:
  • Removing a requirement that an HOA physically post
notice of a unit owner's delinquent account on the unit
owner's unit;
  • Reducing the minimum duration of a payment plan that an
HOA may enter into with a unit owner for the payment of
unpaid fees, fines, or surcharges from 18 months to 12
months;
  • Removing the requirement that monthly installments of a
payment plan be paid in amounts of at least $25 until the
balance owed is less than $25; and
  • Allowing an HOA to charge a unit owner for the cost of
sending notices or documentation by certified mail.
The bill also exempts time share units that are not occupied on a
full-time basis from some of the procedural requirements imposed by
House Bill 22-1137.

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