House Bill 24-1078 was recently introduced into the 2024 legislative session and, if passed, it will affect CAMS and their management companies by reinstating and furthering licensure requirements for both. The long and short of the bill is that business entities that perform community association management for common interest communities in the stateGo to Resource
With continued inflation, rising costs of materials, and the volatility of our current economy, we continue to experience financial impacts to community associations, including the impact to an association when one of its vendors decides to file bankruptcy. There are a few different types of bankruptcy a vendor may file and different processesGo to Resource
The first meeting of the Homeowners’ Rights Task Force occurred on October 24, 2023. At this initial meeting of the task force, brief discussion occurred about such topics as HOA manager licensing, options for resolving association disputes with homeowners that would be outside of the traditional lawsuit actions, the HOA budgeting process andGo to Resource
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