It’s hard to believe the Community Association Manager License requirements took effect almost an entire year ago, and we are now approaching the first annual CAM renewal deadline, which is only a couple of months away (June 30th).
Since the license renewal process is a first for Colorado CAMs, there will no doubt be plenty of questions. In an effort to assist Colorado CAMs with this process, DORA has recently emailed a reminder with instructions and tips for renewing the CAM license. Below, are some key points pertaining to CAM license renewals:
- License renewal period is May 1, 2016 through June 30, 2016;
- Licenses must be renewed online by going to your license management account with DORA (This was set up when you originally applied for the license);
- Once inside your portal, select “renewal” and answer attestation questions;
- Verify contact information is correct;
- Pay $198 renewal fee;
- Management companies do not require renewal, but the designated manager for each entity must verify all contact information is correct;
- Failure to renew your CAM license by June 30th, will result in the lapse of the license; however it may be reinstated anytime within one year from when it expired by paying a reinstatement fee of $297;
- Failure to reinstate within one year of license expiration will require a CAM to reapply as a new candidate and go through all the steps again;
- As discussed in our November 13, 2015 blog addressing continuing education requirements, you have already satisfied your continuing education requirements through June 30, 2016, but will be required to obtain 8 credit hours of continuing education between July 1, 2016 and June 30, 2017.
For more information or if you have questions concerning the CAM license renewals, please contact a Altitude Community Law attorney at 303.432.9999.