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As a board member or manager you are probably aware of an association’s responsibility to provide access to records in response to a member’s request. But did you know that an association has a direct obligation to disclose certain information to its members? Section 38-33.3-209.4 of the Colorado Common Interest Ownership Act (“CCIOA”) requires associationsGo to Resource
It is becoming more and more common place. A condominium association has a few claims on its insurance policy over the years and premiums start to rise. In order to purchase affordable casualty insurance to cover the common elements and the portions of the units the association is obligated to insure per the governing documentsGoGo to Resource
Prior to the most recent changes, managers would have been required to disclose “perceived” conflicts. This is no longer the case. However, managers should be aware that under the proposed Permanent Rule F9 of the Community Association Manager Licensing Rules you must disclose any actual or potential conflicts that may arise in the conduct ofGoGo to Resource