House Bill 21-1229 (Fees, etc.)
The last portion of HB 21-1229 amends the record requirements in CCIOA. The bill requires that HOAs maintain a list of the current amounts of all unique and extraordinary fees, assessments, and expenses that are chargeable by the HOAs in connection with the purchase or sale of a unit (transfer fees, record change fees, and the cost for a status letter or statement of assessments due). The HOA must also provide to a requesting Owner the public disclosure information provided in C.R.S. 38-33.3-209.4. Lastly, this bill penalizes an HOA which does not provide the records to a requesting owner within 30 days of the request. The HOA will be liable for $50.00 per day, retroactive to the 11th day after the HOA received the request, up to a maximum of $500.00 or the Owner’s actual damages resulting from not receiving such records.