Home Owner Associations and CCIOA

The Colorado Legislature has again updated the Colorado Common Interest Ownership Act by imposing new requirements for “good governance” policies.  In addition to changes made in recent years, HOA’s must now include with their “good governance” policies specific provisions concerning creation and administration  of reserve funds.  Failure to comply with CCIOA’s “good governance” policy requirements may adversely impact the HOA’s ability to enforce covenants against non-complying home owners.  For more detailed information about this new requirement and other legal issues affecting creation and management of HOA’s, call or visit our offices today.

This entry was posted on Thursday, December 3rd, 2009 at 12:39 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.