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HB24-1233

Homeowners' Association Delinquency Payments Enforcement Procedures

Concerning modifications to certain procedural requirements with which a unit owners' association must comply when seeking payment of delinquent amounts owed by a unit owner.
Session:
2024 Regular Session
Subject:
Housing
Bill Summary

House Bill 22-1137, enacted in 2022, imposed a number of procedural requirements on unit owners' associations (HOAs) with respect to collecting payments from unit owners with delinquent accounts. The bill changes some of these procedural requirements by:

  • Removing a requirement that an HOA physically post notice of a unit owner's delinquent account on the unit owner's unit; and
  • Reducing the minimum duration of a payment plan that an HOA may enter into with a unit owner for the payment of unpaid fees, fines, or surcharges from 18 months to 12 months;
  • Removing the requirement that monthly installments of a payment plan be paid in amounts of at least $25 until the balance owed is less than $25; and
  • Allowing an HOA to charge a unit owner for the cost of sending notices or documentation by certified mail.

The bill also exempts time share units that are not occupied on a full-time basis from some of the procedural requirements imposed by House Bill 22-1137.

(Note: Italicized words indicate new material added to the original summary; dashes through words indicate deletions from the original summary.)


(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)

Status

Introduced
Under Consideration

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Bill Text

Sponsors

Sponsor Type Legislators
Prime Sponsor

Rep. M. Snyder, Rep. D. Wilson
Sen. B. Gardner, Sen. D. Roberts

Sponsor

Co-sponsor

Rep. S. Bird, Rep. M. Young

Upcoming Schedule

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The effective date for bills enacted without a safety clause is August 7, 2024, if the General Assembly adjourns sine die on May 8, 2024, unless otherwise specified. Details