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As mentioned in a previous HOA Advisory, House Bill 25-1043 was passed by the Colorado General Assembly earlier in 2025 and takes effect October 1, 2025. This new law requires most associations in Colorado to update their policies and procedures related to collections.
For purposes of this HOA Advisory, HB25-1043 requires associations that provide a written notice to unit owners about curing any delinquency to inform the unit owner about the availability of, and instructions on how to access free online information through the HOA Information and Resource Center.
The HOA Information and Resource Center, in accordance with House Bill 25-1043, has added information to its website related to obtaining credit counseling for those who may be facing foreclosure, as well as more general information about the consequences of foreclosure by an association.
The HOA Information and Resource Center has prepared a useful website where this information can be located. Since the new law requires written notification to unit owners, board members and Community Association Managers might consider providing a link directly to this information on the HOA Information and Resource Center’s website. That link can be found here:
It is important to note that the HOA Information and Resource Center does not provide credit counseling or housing counseling. Rather, the information provided by the HOA Center is designed to route consumers to appropriate resources and organizations which do provide the intended services.
For more information, please visit the HOA Information and Resource Website here:
Stay tuned to the HOA Information and Resource Center in the near future for an announcement of an upcoming HOA Forum about HB25-1043 where the HOA Information Officer will discuss the details of HB25-1043. It will be scheduled for October 2025.
-Colorado HOA Information and Resource Center
On behalf of the HOA Center Information & Resource Center and the Division of Real Estate, thank you for reviewing this important HOA advisory.
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