Slow Down and Do It Right
HB 24-1158 was introduced by Representative Ricks who is also on the task force. Wouldn’t it make sense to wait before introducing another bill on HOAs as the task force meetings are ongoing?
I hope this bill is amended to include an inflation guard on the $2,500 cap to foreclose as we just keep inflating the dollar by government spending that is being pushed back to asset owners like homeowners. Postage rates went up again awhile ago and every single warning letter for weeds, trash cans or painting a home broncos orange without permission has to cost a minimum of $10 to the community that home is in. That community’s sole source of funding is the people in it. My home cooked dinner cost less than that thankfully. There isn’t an inflation guard the “wonderful” $500 fine cap already in place from legislation in 2022. So our state is stuck with it until it’s adjusted.
Just food for thought to prevent mistakes from happening again when inflation is holding at 3% overall and hit 50% for natural gas and food at all time highs a couple years ago. I’d be happy if they just left everything alone for a year at the golden dome by the library down in Denver myself. Let people catch up on what’s actually a law and what isn’t with hundreds passing every year.
Sheesh.
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.