Collections

Extension of Limitations on Debt Collection Actions Coming!

The 2021 Legislative Session is here!  On January 13, 2021, the Colorado Legislature gaveled into session.  While the Legislature intends only to swear in new legislators and handle emergency legislation at this point, and then recess until February 16th (at the earliest), there is already […]

Polis Signs Bill Limiting “Extraordinary Collection Actions” Through November 1, 2020

Yesterday, June 29, 2020, Governor Polis signed into law SB20-211, a bill concerning limitations on certain debt collection actions.  This bill was fast-tracked when the legislature reconvened.    The legislature declared in the language of the bill that the COVID-19 epidemic has the potential to […]

Call to Action – We need your help now!

Call to Action – We need your help now!

Members of our Community Association industry – we need your help now! There’s a link to the Call to Action at the end of this blog if you want to skip there – but the meat of it is important too. I hope you read […]

Wage Garnishment Bill Introduced

On February 19, 2019, a bill which would significantly affect a creditor’s ability to collect through wage garnishments was introduced in the House. Under current law, the amount of an individual’s disposable earnings subject to garnishment is (in general) 25% of the individual’s disposable earnings […]

Acceleration – A Tool in Your Debt Collection Toolkit

Assessments are the cornerstone of an association, and the necessity of an association to collect delinquent assessments is of utmost importance – an association cannot be run without assessments being paid! It’s the start of a new year and your Board likely has its delinquencies […]