The Corporate Transparency Act
QUICK FACTS:
· Most community associations are required to comply.
· Board members will have to provide their personal identifying information (name, date of birth, address, driver’s license and/or passport).
· Community associations must file a report every time a board member is removed or added (within 30 days of that change).
· While exemptions do exist, most community...
Insurance Changes Could Lead to Association Members’ Inability to Sell Their Units
By: Damien Bielli
Fannie Mae and Freddie Mac are large, government-backed companies that play a crucial role in the mortgage market. In late 2008, following the global financial crisis, the federal government took over operations at both companies, and these government-sponsored enterprises (GSEs) now guarantee most of the mortgages in the United States. It is critical to understand how the...
Q&A: How bankruptcy and evictions may impact residents and the business community in 2024, Published in Law Week Colorado
In an article published on 1/26 in Law Week Colorado, Lisa Cancanon discussed how the business community and residents might be affected by bankruptcy and evictions in 2024. Cancanon predicts lower interest rates in 2024 and warns individuals to be cautious about lending. She also discusses that evictions may pose dual challenges and opportunities that could impact residential renters and...
VF Law Welcomes Back Attorney Lisa Cancanon to the Firm’s Colorado Office, Published in Attorney at Law Magazine
An article published in Attorney at Law Magazine announced that bankruptcy and collections attorney Lisa Cancanon has returned to the firm’s offices in Colorado as an associate. She has been practicing law for 11 years.
“Cancanon focuses her legal practice on various facets of bankruptcy and collections. Her experience entails representing both lenders and services in collections proceedings,”...
HOAs Cannot Prohibit Installation of Solar but can Enforce Reasonable Restrictions, Published by the Rocky Mountain Chapter of the Community Associations Institute
In a column published by the Rocky Mountain Chapter of the Community Associations Institute, VF Law Partner Damien M. Bielli writes that Colorado HOAs can, within reason, dictate where solar panels may be installed in an HOA’s common areas. Bielli advises HOAs to remain current on relevant statutes to determine where and how solar panels might be restricted.
“If your documents outright...
HOA Law: Expert Advice, Published in Law Week Colorado
Quoted in an article published in Law Week Colorado, Senior Associate Kate Willard explains how HOAs and other community associations may require legal help enforcing their rules. In cases where homeowners are not observing HOA regulations, attorneys may need to get involved.
“Disputes often arise regarding covenant enforcement, a homeowner being required to maintain their property in a...
Colorado SB 23-178: Water Wise Landscaping Signed!
By: Cameron Stark
Colorado Senate Bill 23-178 has been signed into law and takes effect on August 7, 2023. It requires Associations to adopt rules concerning water-wise landscaping, but it is important to note this bill only applies to communities with single-family detached homes. This bill does not apply to condominium units or townhomes sharing one or more walls. The bill requires...
HOAs Must Understand Use and Power of Contracts
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Legal Considerations HOAs Must Know for Audio and Video Surveillance Systems, published in Law Week Colorado
Damien Bielli published a column in Law Week Colorado on 1/23, highlighting legal considerations for HOAs when contemplating installing audio and video surveillance systems. He discusses the benefits and limitations of security systems and emphasizes how each HOA must consider its governing documents, local and state regulations and laws, and the liability concerns with surveillance systems....
COVID-19 and the Risk of Getting Sued
By: Scott Welker
In American law, there is a long, quiet history of the ill suing the people who made them ill. Dating at least back to the 1800s, defendants have been held liable in court for negligently spreading infectious diseases. These cases have run the gambit, including lawsuits for the spread of tuberculosis (1953), smallpox (1910), typhoid fever (1896), and whooping cough (1884),...