The Senate Judiciary Committee is not going to hear testimony on SB11-122 today as was originally scheduled. The Judiciary Committee will re-schedule the hearing for a later date.
SB11-122, as written, would impact the redemption rights of junior lienors, such as homeowner associations. The delayed hearing date for SB11-122 will allow for further discussions about the contents of the bill with the bill sponsor, Senator Kevin Lundberg, and other stakeholders.
For now, you can suspend your calls and emails to Senate Judiciary Committee members. However, please continue to spread the word among board members, residents, community managers, and other community association constituents about the potential impact of this bill on Colorado communities.
We will provide you with updates and additional calls to action as soon as we have more information on the status of this bill.