Rights of secured lenders
- Statute:
- Colorado §219 · Part CCIOA-2 (CCIOA Part 2 — Creation, Alteration, and Termination)
- Topic:
- Governing Documents · Lenders
- Applies to:
- HOA associations
The declaration may require that a specified number or percentage of lenders who hold security interests in units approve specified actions (for example terminating the community or amending the declaration).
📄 Read the official text at leg.colorado.gov →
How SoShiny helps with Rights of secured lenders
SoShiny is built around the Florida statutes from day one. The features that help you comply with this section are part of every plan — no add-ons, no per-document fees.
See the feature → Start freeFrequently asked
- What does Colorado §219 require?
- The declaration may require that a specified number or percentage of lenders who hold security interests in units approve specified actions (for example terminating the community or amending the declaration).
- Who does Colorado §219 apply to?
- Colorado §219 applies to HOA associations in Colorado.
- What happens if our CID doesn't comply with §219?
- Non-compliance can expose the association and individual directors to disputes in the governing forum for Colorado community associations. SoShiny's audit trail and documented workflows are designed to demonstrate good-faith compliance.
- Where can I read the official text of Colorado §219?
- The official text is published by the Colorado General Assembly at leg.colorado.gov. The summary on this page is for plain-English reference only and is not legal advice.
- How does SoShiny help with Rights of secured lenders?
- SoShiny is built around the Florida statutes from day one. The features that help you comply with this section are part of every plan — no add-ons, no per-document fees. Learn more →
Not legal advice. This page is a plain-English summary of Colorado §219 prepared by SoShiny for board members and managers. For binding legal advice or interpretation, consult a Colorado-licensed attorney. For the official statutory text, see the link above.
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