On April 10, 2018, the Senate Committee on Finance of the Colorado Legislature voted to postpone indefinitely HB18-1175 (the Bill Concerning the Continuation of the Community Association Manager Program under the Sunset law).. The effect of this vote means that the legislature will not continue the Community Association Manager (CAM) Program and will allow it to sunset.
What does it mean that the CAM program sunset? Below are FAQs posted by the Division of Real Estate that may help answer some questions you may have, including;
- Do I still have to renew my license and take Continuing Education?
- What if I want to get licensed as a CAM at this time?
The CAM program was set to be repealed on July 1, 2018, pursuant to C.R.S. 12-61-1014, unless extended by the legislature. Since this program was not extended by the legislature, it then goes through a “wind-up” procedure. This means that the program continues in existence until the date that is one (1) year after the specified repeal date (July 1, 2018) for the purpose of winding up affairs for the program. That ending date of the program will be July 1, 2019. On that date, the Division will then cease all activities with regard to the CAM program.
Q: What does this mean for me as a CAM licensee?
A: The CAM program continues to be in place at the Division of Real Estate with all of its statutes, requirements, rules, and regulations until the sunset date of July 1, 2019. This means that a CAM licensee still needs to hold a license, renew one’s license, maintain one’s continuing education, maintain E&O and Fidelity insurance, and comply with all Division requests, complaints and investigations while the CAM program continues in operation until July 1, 2019.
Q: What if I want to become a new licensed CAM, Designated Manager or CAM Entity?
A: If you want to operate as a new CAM, upgrade to a Designated Manager, or begin and operate a CAM entity, you will still have to go through the licensing process until July 1, 2019, since the program will still be in operation until that time. Any license issued during the “wind-up” period will expire on July 1, 2019.
Q: Can I be fined or penalized during this “wind-up” time period?
A: Yes, since the program is still in operation until July 1, 2019, the Division of Real Estate has jurisdiction and authority to regulate and discipline CAM licensees.
Q: What happens if I do not renew my CAM or CAM Entity license?
A: If one does not renew their CAM license or CAM entity license by the upcoming license renewal deadline of July 1, 2018, one cannot operate as a CAM or CAM entity in the State of Colorado. Also, anyone practicing community association management without the required license can be subject to a Cease & Desist Order, and additional penalties as may be determined by the State.
Q: How will the license fees be determined?
A: Since the CAM licensing period runs from July 1st to June 30th each year, the licensing fee will cover the period from July 1, 2018 to June 30, 2019, which is a full year before the program sunsets on July 1, 2019. Any license renewed and issued during the “wind-up” period will expire on July 1, 2019.
Q: Can the Community Association Manager Program be reinstated before it sunsets on July 1, 2019?
A: Yes, the Colorado legislature could pass a Bill to reestablish the program with substantially the same powers, duties and functions before its sunset date of July 1, 2019.
VanEd will continue to offer CAM CE courses and CAM Licensing course to help all students and licensees comply with the requirements through either the end date of the program on July 1st, 2019, or beyond if the legislature determines to continue the program next year. You can find all of our CAM coursework and answers to other questions on our site at https://VanEd.com/CAM.
Written and Published by: VanEd
