Free Collections Policy Check-Up for Self-Managed Boards
Self-managed Colorado HOA boards can send us their written collections policy and we'll review it against HB25-1043, the 2025 law that took effect October 1, 2025. There is no charge and no obligation to hire us. If your board wants to keep daily operations in-house and hand off the books, this is a natural first step toward our financial-only service.
The free check-up
Email your current collections policy to info@accordhoa.com, or call 720-230-7303. We'll compare it with the items HB25-1043 requires in a written policy on collecting unpaid assessments, then send your board a plain-English summary of what is already in place and what appears to be missing.
This review is general information for your board, not legal advice. If we find gaps, we recommend you have the association's attorney update the policy and the board formally adopt it. We can also talk with you about whether financial-only service would help going forward.
What the 2025 law requires in your policy
Under HB25-1043, an HOA's written collections policy must include at least these three items:
A ledger on request
Owners may ask a named board member or the association's agent for a copy of their ledger to verify amounts owed, and the association must provide it within seven business days.
A clear foreclosure warning
The policy must say that failing to pay a delinquent assessment could lead to a lien and a foreclosure action, and that a foreclosure sale at auction could mean losing some or all of the owner's equity in the home.
Where to find free help
The policy must point owners to free information on HOA collections and foreclosure, and to credit counseling, through the state's HOA Information and Resource Center.
The law also tightened how delinquency and foreclosure notices are sent, including certified mail plus two of phone, text or email, and advance notice before a foreclosure is filed. We'll flag those points if your policy is silent on them.
Sources: Colorado General Assembly, HB25-1043 (opens in a new tab) ; Colorado Division of Real Estate, HB25-1043 summary (opens in a new tab)
Financial-only service
Many self-managed boards want to keep decisions and day-to-day operations in their own hands, but want professional help with the money. Our financial-only service covers:
- Collecting monthly assessments
- Processing accounts receivable and accounts payable
- Monthly financial reports to the board
If collections are already taking too much of the board's time, or if the check-up shows your policy needs work, we can talk through whether this is a fit. Full-service management is also available if your board wants more support.
Or call 720-230-7303.