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    mlgorglg's Avatar
    mlgorglg Posts: 3, Reputation: 1
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    #1

    Jul 29, 2009, 12:27 PM
    Is it legal in Colorado for HOA to post monthly financial statements on a non-passwo
    Is it legal in Colorado for an HOA to post monthly financial statements on a non-password protected web site?
    excon's Avatar
    excon Posts: 21,482, Reputation: 2992
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    #2

    Jul 29, 2009, 12:40 PM
    Quote Originally Posted by mlgorglg View Post
    Is it legal in Colorado for an HOA to post monthly financial statements on a non-password protected web site?
    Hello m:

    Legal?? Probably, unless your particular bylaws and/or CC&R's prevent it. Most of 'em wouldn't address this kind of thing.

    It IS pretty stupid, though. I'd run against the president next time, and dethrone him, using THIS mistake as your platform.

    excon
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
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    #3

    Jul 29, 2009, 01:02 PM

    There is nothing illegal about posting such information. As excon said, I would doubt if the by-laws even address the issue.

    Was any homeowner info posted or just the finances of the HOA?

    What concerns you about them doing this?
    mlgorglg's Avatar
    mlgorglg Posts: 3, Reputation: 1
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    #4

    Jul 29, 2009, 01:12 PM
    Quote Originally Posted by ScottGem View Post
    There is nothing illegal about posting such information. As excon said, I would doubt if the by-laws even address the issue.

    Was any homeowner info posted or just the finances of the HOA?

    What concerns you about them doing this?
    As an accountant I would actually like to see more accountability from our HOA Board.
    Right now some financial info is posted on a password protected site, but I would like to see more info posted and on an open site to make it easier for both homeowners and potential buyers to see.
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
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    #5

    Jul 29, 2009, 01:38 PM

    Ok, so you WANT them to do it and they won't? So again, you rin for the board and try to get it done.
    mlgorglg's Avatar
    mlgorglg Posts: 3, Reputation: 1
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    #6

    Aug 1, 2009, 10:18 AM
    Quote Originally Posted by ScottGem View Post
    Ok, so you WANT them to do it and they won't? So again, you rin for the board and try to get it done.
    Thank you
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