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Recent Publications by ACL

DORA Resolves Crime Fidelity Insurance Issue

Filed Under Colorado Community Association Law

As a result of the hard work of many management company CEOs, the proposed Permanent Rule D10 to the Community Association Manager Licensing Rules has been substantially revised to make it realistic for managers and management companies to satisfy the crime fidelity insurance requirements. The rule allows managers or management companies to either obtain crimeGoGo to Resource

Manager May Have E&O Deductible In Excess of $5000

Filed Under Legislative Miscellaneous

The proposed Permanent Rule D of the Community Association Manager Licensing Rules provides that if a manager wishes to have a deductible larger than the $5000 prescribed by Rule D-9(2)(e) it may do so by requesting permission from the Director of the Colorado Division of Real Estate and depositing the amount greater than $5000 inGoGo to Resource

DORA Hearing Today

Filed Under State Legislation

Today, DORA held a hearing on the proposed permanent rules for manager licensing. Testimony was given by over a dozen individuals. We should receive final rules within the next week. As always, we will keep you informed when they are released. During the hearing it was announced that the annual license fee for individual managersGoGo to Resource

Potential Changes to Receivership Introduced with SB 181

Filed Under Legislative Miscellaneous

Recently, SB181 was introduced in the Senate to provide some oversight for the receivership process in Colorado. Briefly, a receivership is the court ordered appointment of a rental manager for a property. The receiver (rental manager) is a disinterested person who manages the rental of the property, collects the rents and disburses the rents according toGoGo to Resource

DORA Approves CAI M100 Class

Filed Under State Legislation

Yesterday DORA advised CAI that it had approved the CAI Colorado-specific M-100 class for the manager licensing educational prerequisite. This means that if you take and pass the CAI Colorado-specific M100 class, you will satisfy the educational prerequisite for manager licensing. You will not be required to obtain your CMCA designation. Of course, obtaining yourGoGo to Resource

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