Last week Representative Melton introduced the second of three bills that failed to get traction last year but were prime for reintroduction this year. HB 16-1149, if adopted, would require all associations to comply with the budget veto process contained in the Colorado Common Interest Ownership Act (“CCIOA”).
Category: Manager Licensing
As we all know, the new manager licensing regulations impose a number of requirements on community association managers (“CAM”) and CAM companies. One such regulation, Rule F-1(2), requires the CAM or CAM company to keep and retain a copy of the “documents and association records maintained and produced during the management of the common interestGo to Article
As you know, in addition to satisfying your CMCA continuing education requirements, effective July 1, 2016 you will also need 8 hours per year of continuing education for your Colorado CAM license. Because of the anticipated high demand for education to satisfy the requirements, effective January 1, 2016, we are implementing a 60 day registrationGo to Article
Now that many managers have acquired the CAM license through DORA, they are getting ready to jump through their next hurdle: eight hours of continuing education before renewal of the CAM licenses in June 2016. But what many managers do not realize is they have already obtained their 8 hours of continuing education credits forGo to Article
Here are some interesting stats about the manager licensing program so far: Pass rate for test the is 75% generally and 85% for those individuals who hold some type of designation like a CMCA or PCAM; There are 322 licensed management companies and 37 pending licenses; DORA has issued licenses for 307 designated managers andGo to Article