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COMMUNITY ASSOCIATION MANAGER PROGRAM UPDATE

October 9, 2018

Last Updated: August 2018

 

On April 10, 2018, the Senate Committee on Finance of the Colorado Legislature voted to  indefinitely postpone the Bill Concerning the Continuation of the Community Association Manager Program under the Sunset law (HB18-1175). This vote means that the legislature will not continue the Community Association Manager (CAM) Program and will allow it to sunset. Any questions can be directed to the office of Goodman and Wallace.

 

Your Questions, Answered:

 

1. When will the CAM Program sunset?

  • It will sunset on July 1, 2019. On that date, the Division will then cease all activities with regard to the CAM program. 

2. What does this mean for current CAM licensees?

  • All CAM licensees still needs to hold a license, renew one’s license, maintain one’s continuing education, maintain E&O and Fidelity insurance, and comply with all Division requests, complaints and investigations while the CAM program continues in operation until the sunset date, July 1, 2019.

  • The license renewal deadline was on July 1, 2018. If your license was not renewed, you are prohibited from operating as a CAM or CAM entity in Colorado. Anyone practicing community association management without the required and renewed license can be subject to a Cease & Desist Order, and additional penalties as may be determined by the State. 

3. What does this mean for future licensed CAMs, Designated Managers or CAM Entities?

  • You will need to go through the licensing process while the program is in operation until July 1, 2019. Any license issued between July 1, 2018-June 30, 2019 will expire on July 1, 2019 along with the sunset of the program.

4. Can the Community Association Manager Program be reinstated before it sunsets?

  • Yes, the Colorado legislature could pass a Bill to reestablish the program with substantially the same powers, duties and functions before its sunset date of July 1, 2019. This is another reason why it is extremely important to ensure that you are in compliance with the CAM Program.

 

 

 

 

 

 

 

 

 

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