In Colorado, HOAs can usually charge attorney fees when a homeowner is behind on assessments. The exact amount depends on the situation, however, a recent law capped the amount to 50 percent of the assessments plus any money owed to the HOA, or $500 – whichever is less.
No, there is no state agency directly regulating HOAs in Colorado. The Colorado Common Interest Ownership Act (CCIOA) provides the legal framework for HOAs, but this doesn’t involve direct oversight or intervention.
Disputes between homeowners and HOAs are typically handled through civil litigation or alternative dispute resolution methods.
No, generally there is no limit on how much an HOA can raise its dues. The amount of HOA dues is usually determined by the HOA’s annual budget needs. There’s no set limit unless the HOA’s rules specify one.
However, HOAs are required to provide notice to homeowners about any proposed changes to assessments and allow for a reasonable amount of time for input, per the procedures outlined in the CCIOA.