HB22-1137 - How a Management Company Took Advantage of Fines and Fine Notifications
HB22-1137 was supposed to be great for homeowners with regard to transparency of how fines were indicated to homeowners and the fines associated with them. However, our management company drafted policies that our HOA Board voted in that greatly benefited the management company, including greatly increased so-called administrative fees after the initial association fine.
Our Board didn't follow the Rules and Regulations for updating policies and didn't even send homeowners the policies, just a summary of them which didn't include important details.
HB22-1137, while well intended, didn't go far enough to protect homeowners.
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.