Although many concluded that the Corporate Transparency Act (“CTA”) applies to homeowners associations, we now have verification of this. On April 18, 2024, the Financial Crimes Enforcement Network (“FinCen”) issued 16 new FAQs and updated two more. Under Category C, question C.10 of the FAQs, a Q&A was added confirming that CTA requirementsGo to Resource
Category: Colorado Legislative Tracking Report
HOA Foreclosure Sale Bill Reviewed in Committee The HOA foreclosure sale bill, HB24-1158, was heard by the Transportation, Housing & Local Government Committee on February 27, 2024. The recorded hearing is available on its website. Representative Ricks kicked off the hearing with a brief introduction of how the bill would build on HB22-1137Go to Resource
The number of laws proposed during the 2024 legislative season that affect the rights and responsibilities of homeowners associations leaves board members spoiled for choice as to which of the mounting problems or crises their associations face in the coming year they will be investing their emotional wherewithal. In an effort to alleviateGo to Resource
The Colorado legislature recently introduced SB24-134, a bill that requires associations to allow home businesses in your communities. The new law, as currently written requires associations to allow unit/lot owners to run a home business in the community, BUT Restrictions apply! To stay up to date on daily/weekly changes to the proposed bill,Go to Resource
There are numerous bills that are pending this legislative session which affect community associations. I’ll go into just a few in this blog update: To stay up to date on daily/weekly changes to the proposed bill, bookmark our 2024 Legislative Tracker! If you have any questions about any of these bills, please contactGo to Resource