CO HB1113

Requires holders of evidence of debt (lenders) to pay common expense assessments on foreclosed properties for the period between the original scheduled foreclosure sale date and the actual sale date if they withdraw and refile the notice of election and demand.

Makes lenders liable for assessments under the Colorado Common Interest Ownership Act when they or their attorneys withdraw a notice of election and demand and later refile it.

Common expense assessment obligations accumulate with each refiling of the notice of election and demand.

Clarifies that unit owners cannot waive liability for common expense assessments through waiver of use, enjoyment, or abandonment of the unit.

Declares the act necessary for immediate preservation of public peace, health, and safety.