Following the lead of many other states and the federal government, a bill restricting Residential Real Property Transfer Fee Covenants, SB 11-234, was introduced Thursday in the Senate.
The bill as introduced does not limit transfer...
HindmanSanchez Law Blog
share
Stakeholders in the community association industry nationwide have an important opportunity to share their concerns with the government about proposed new regulations which could limit how some HOAs use money they collect in transfer fees. DEADLINE FOR COMMENTS IS MONDAY, APRIL 11.
The Federal Housing Finance Agency (FHFA) published a Notice of Proposed Rulemaking before...
You've probably all heard about the latest scam...but in case you haven't, a company called the Corporate Controllers Unit has mailed over 500,000 official looking notices to registered corporations in Colorado. The notices look like a bill from the Colorado Secretary of State for $225.00 for corporate registrations. IT IS NOT FROM THE SECRETARY OF STATE and IS NOT A LEGITIMATE OR NECESSARY...
It's time to put "conflict of interest policy review" on your board meeting agendas. Metro districts should add "disclosure of conflicts of interest" to your board candidacy forms. The Metro District Conflict of Interest bill, HB 11-1124,...
Associations frequently ban delinquent residents from common amenities such as pools, gyms and the like but have you considered shutting off cable or internet service? If your condominium association provides cable/internet bundles and adds the costs to assessments, this may be a good tool to encourage delinquent residents to pay up. If you are considering such a tool you'll want to consider...
The Metro District Conflict of Interest Bill, HB 11-1124, now seems likely to pass into law after being approved, unamended, by a Senate Committee yesterday. This is good news for Colorado's Community Association industry because the bill, as...
The one year waiver on proof of HO6 policies at closings on FHA loans will expire on April 28, 2011. Therefore, unless your condominium association maintains an "all-in" insurance policy, now is a great time to remind your owners that they must show proof of a current HO6 policy if they are refinancing or obtaining a new FHA insured loan which will be closing after April 28, 2011. For more...
Last Friday, David, H. Steven, Assistant Secretary for Housing - Federal Housing Commissioner, issued a Waiver which clears up some of the confusion related to leasing restrictions in condominium communities.
In the past the local HOC offices across the country have been denying condominium association...
At the midpoint of the 2011 Legislative Session, we continue to follow two bills which appear headed for passage and may impact Colorado's community association industry:
HB 11-1095, the Secretary of State Identify Theft bill, discussed...
If FHA has recently rejected your condominium community or if your association has not applied for certification because of provisions contained in your documents related to leasing, things may change shortly. In a recent email exchange with our office and Joanne B. Kuczma, the Housing Program Officer in FHA headquarters in Washington, DC, we were advised that FHA's attorneys are currently...