House Bill 22-1137, enacted in 2022, imposed a number of
procedural requirements on unit owners' associations (HOAs) with respect to collecting payments from unit owners with delinquent accounts. The bill changes some of these procedural requirements by:
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Removing a requirement that an HOA physically post notice of a unit owner's delinquent account on the unit owner's unit;
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Reducing the minimum duration of a payment plan that an HOA may enter into with a unit owner for the payment of unpaid fees, fines, or surcharges from 18 months to 12 months;
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Removing the requirement that monthly installments of a payment plan be paid in amounts of at least $25 until the balance owed is less than $25; and
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Allowing an HOA to charge a unit owner for the cost of sending notices or documentation by certified mail.
The bill also exempts time share units that are not occupied on a
full-time basis from some of the procedural requirements imposed by House Bill 22-1137.
