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Homeowners' Associations Foreclosures Sales Requirements

February 23, 2024

HB24-1158
Summary

The bill requires notices to be sent to unit owners in an HOA before the HOA may foreclose on the unit for past due assessments, limits who can purchase the foreclosed unit, sets a minimum initial bid amount for the HOA at auction. The bill also caps the attorney fees an HOA may recover in a foreclosure action.

Legislative Updates

  • 2024-03-25 / Introduced
    House Second Reading Laid Over Daily - No Amendments
  • 2024-03-20
    House Committee on Transportation & Local Government Refer Amended to House Committee of the Whole
  • 2024-01-31
    Introduced In House - Assigned to Transportation, Housing & Local Government

This content is updated every Thursday, but is not a comprehensive list of updates. If you have questions regarding a specific piece of legislation, please contact DGS partner, Sarah Kellner.

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