AWOL: 1 governor, 35 senators, 65 representatives
I get why the bill was drafted, even as those responsible are now backtracking on the history. But a suburban HOA and a downtown apartment building have very different dynamics. The bill's reference to posting delinquency notices on the perimeters of "lots" gives the game away.
When you purchase a condominium unit in our building, you can figure that about 1/3 of what you pay is for your unit's interior, and 2/3 is for your ownership share in the association. As a result, there may occasionally arise substantial special assessments to upgrade common elements; in our case, 5-figure amounts for units both large and small. Being able to enter into an 18-month payment plan at $25 per month causes considerable cash flow issues for the association. Our deferred maintenance baby has been thrown out with the over-aggressive-fining associations' bathwater.
From my limited vantage point, this appears to be gross legislative negligence. But I'd be happy to hear alternative explanations.
Thank you for visiting the community engagement tool for the HOA Homeowners’ Rights Task Force.
Pursuant to HB23-1105, this project has now concluded. On behalf of the Department of Regulatory Agencies and the Division of Real Estate, thank you for your interest and participation.