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On Friday, May 31, 2019, the Governor vetoed HB19-1212 (Recreate Homeowners' Association Community Manager Licensing Bill).
What does the veto of HB19-1212 mean for the Community Association Manager (CAM) program?
The CAM licensing program will end at the Division of Real Estate (Division) on June 30, 2019, and the Division will no longer have any jurisdiction over community association managers and related management companies. The Division will cease to enforce any licensing, investigations, insurance, and continuing education requirements regarding this program, effective immediately.
This means that at this time there will not be any licensing for community association managers and related management companies in Colorado, and the following are examples of matters ceasing at the Division:
- No license renewals;
- No new applications for licensing will be accepted;
- No pre-licensing education;
- No State testing for CAMs;
- No CAM continuing education (CE) course submissions and approvals;
- No State requirements for CAM E&O and Fidelity insurance as per any CAM rules;
- No complaint investigations;
- No cease & desist orders issued for non-licensed CAMs;
- No auditing of CAM insurance coverage and CE compliance; and
- All present CAM Rules, Regulations and Position Statements will be repealed.
The Division will continue to send out more information regarding the cessation of this program and the Governor’s Executive Order requiring a stakeholder process in this regard.
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