Colorado HOAs may levy regular and special assessments under CCIOA (CRS 38-33.3-315 and 316) with protections for owners. The 2022 HOA reform law (HB 22-1137) caps late fees at 25 dollars or 5 percent of the overdue amount, requires 30-day notice before assessment lien filing, mandates payment plans for delinquent owners, and restricts foreclosure to assessments of at least 6 months delinquent or 2,500 dollars owed.
Colorado dramatically reformed HOA collection practices in 2022 after widespread concerns about predatory foreclosures for small assessment balances. HB 22-1137 requires HOAs to offer payment plans of at least 18 months before accelerating debt or filing foreclosure, with limited attorney fee recovery. Interest on delinquent assessments is capped at 8 percent annually. Regular annual assessments are set through the budget ratification process where owners can reject budget increases by 50-percent-plus-one vote under CCIOA. Special assessments over specified thresholds require owner approval in most governing documents.
HOAs that violate HB 22-1137 or CCIOA can be challenged in state court with fee-shifting to prevailing owner in many cases. Improper foreclosures may be reversed and HOAs held liable for damages and attorney fees.
Other ordinances people look up for this city. Green dot = verified primary-source excerpt.
Colorado Springs, CO
Colorado Springs City Code section 9.8.201 declares noise from vehicles under 10,000 lbs in excess of 80 dB(A), and from vehicles over 10,000 lbs in excess o...
Colorado Springs, CO
Colorado Springs City Code section 6.7.115 makes it unlawful to own or keep any pet or hoofed animal whose unreasonably loud and persistent barking, howling,...
Colorado Springs, CO
Colorado Springs City Code section 9.8.107 subjects construction projects to the maximum permissible noise levels specified for industrial zones (80 dB(A) da...
Colorado Springs, CO
Colorado Springs City Code section 9.8.104 sets enforceable decibel limits by zone and time of day. In residential zones the cap is 55 dB(A) from 7:00 A.M. t...
Colorado Springs, CO
City Code prohibits parking a recreational vehicle on any public right-of-way (street, alley, or roadway) longer than the time needed to load or unload, city...
Colorado Springs, CO
City Code sets minimum standards for commercial vehicles and restricts parking or storing large commercial vehicles in residential zones, regulates truck rou...
See how Colorado Springs's assessment & dues rules stack up against other locations.
Help us keep this page accurate. If you notice an error or outdated information, let us know.