Homeowners associations in Colorado are going to have to do a lot more recordkeeping starting 2013. One of the handful of new laws going into effect Jan 1st include ‘HB 1237‘. The new law addresses: HOA records which must be maintained and produced; HOA records which may be withheld from production; HOA records which must be withheld from production; Procedures for requesting HOA records; Charges for assembling, copying, and producing records; and the use of membership lists. In addition to complying with new HOA records law, it’s important to update your Policies to comply with new requirements (consult your legal team to update your Policies).
Colorado Regulations require all HOA’s to provide specific information in writing or on a website, including:
Let ASAP help you stay in compliance. We can facilitate and maintain your HOAs documentation to comply with CCIOA and COSB100.
HOADirect, ASAP’s web-based management tool can help your HOA stay in compliance. With an HOADirect customized website members can view association information online, anytime — an office that never closes!