No Data Driven Conclusions

I witnessed the 16 January Task Force meeting. Regarding the discussion of "what's working and what's not" in HB 22-1137, one Task Force member dominated, and actually moderated the Task Force discussion. The member simply highlighted the various elements of the Bill (fining procedures, communications requirements, foreclosures, repayment plans, fine caps, etc.) without providing any data to support her glowing conclusions. That is, a Bill summary was provided instead of a critical analysis of what's actually working and what's not based on fact. I assume this glowing praise of HB 22-1137 will be forwarded to the legislature. We have been very fortunate in our HOA that we have not yet had to fine a homeowner under the process outlined in HB 22-1137, or thankfully not foreclose, so we have no data to rebut, We did however have to hire a law firm to rewrite our fining and foreclosure procedures because the Bill was too confusing, complex, contradictory, and poorly written for us to do it ourselves.

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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.