Collections — 18-month payment plan; $25,000 foreclosure-violation remedy
- Statute:
- Colorado §316.3 · Part CCIOA-3 (CCIOA Part 3 — Management of the Common Interest Community)
- Topic:
- Assessments · Collections
- Applies to:
- HOA associations
Before collecting, the association must follow the collections policy in §209.5 and make a good-faith offer of a payment plan of equal installments over at least 18 months (with listed exceptions). Payments from an owner who owes both assessments and fines go to assessments first. An association may not foreclose while the owner is complying with the plan. If the association violates foreclosure law, the owner may sue within five years for up to $25,000 plus costs and reasonable attorney fees.
📄 Read the official text at leg.colorado.gov →
How SoShiny helps with Collections — 18-month payment plan; $25,000 foreclosure-violation remedy
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 §316.3 require?
- Before collecting, the association must follow the collections policy in §209.5 and make a good-faith offer of a payment plan of equal installments over at least 18 months (with listed exceptions). Payments from an owner who owes both assessments and fines go to assessments first. An association may not foreclose while the owner is complying with the plan.
- Who does Colorado §316.3 apply to?
- Colorado §316.3 applies to HOA associations in Colorado.
- What happens if our CID doesn't comply with §316.3?
- 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 §316.3?
- 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 Collections — 18-month payment plan; $25,000 foreclosure-violation remedy?
- 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 §316.3 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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