CO SB140

Prohibits cooperatives, planned communities, or similar entities from imposing or foreclosing liens for assessments or other charges unless their declaration provides that the entire Colorado Common Interest Ownership Act applies to them.

Voids any liens imposed in violation of this requirement regardless of when the lien was imposed, declaring such liens contrary to public policy.

Applies the prohibition to liens for assessments, fees, charges, late charges, attorney fees, fines, or interest allegedly owed to the entity.

Targets entities that attempt to use exceptions for new small cooperatives or limited expense planned communities while avoiding full regulatory oversight.

Includes a safety clause declaring the act necessary for immediate preservation of public peace, health, and safety.