HOA assessments in Aurora are governed by CCIOA; HB 22-1137 caps late fees, limits interest, and restricts foreclosure for unpaid dues.
Aurora HOA assessments are levied under the association's declaration and CCIOA CRS 38-33.3-315. HB 22-1137 placed meaningful limits on collections: late fees capped at 25 dollars per month or 5 percent of the delinquent assessment (whichever is greater), interest limited to 8 percent per year, and a prohibition on attorney fees before a 60-day notice-and-cure period. HOAs must offer payment plans of at least 18 months before commencing foreclosure, and foreclosure is only permitted when the delinquency equals at least six months of assessments. Budgets must be ratified by owners under CRS 38-33.3-303.
Specific penalty amounts for this ordinance are not published in a publicly accessible fine schedule. Contact Aurora code enforcement directly for current fines, enforcement procedures, and hearing options.
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