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Legislative Year: 2024 Change
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Bill Detail: HB24-1078

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Title Regulation of Community Association Managers
Status House Committee on Appropriations Lay Over Unamended - Amendment(s) Failed (05/14/2024)
Bill Subjects
  • Business & Economic Development
  • Housing
  • Professions & Occupations
House Sponsors N. Ricks (D)
B. Titone (D)
Senate Sponsors
House Committee Transportation, Housing and Local Government
Senate Committee
Date Introduced 01/10/2024
Summary

The bill establishes licensure requirements for business entities
that perform community association management for common interest
communities in the state and makes it unlawful, on and after July 1, 2025,
for a business entity to perform community association management
duties without a license. The division of real estate (division) in the
department of regulatory agencies (department) is tasked with
administering the regulatory program for community association
managers (CAMs). To be licensed, a business entity must:
  • Demonstrate compliance with insurance requirements
specified by the director of the division (director) by rule;
  • Designate an individual as the business entity's controlling
manager who is responsible for the community association
management activities of the business entity and its
employees;
  • Pay a fee based on a schedule of fees determined by the
director through rule-making; and
  • Obtain criminal history record checks for its controlling
manager and each individual that performs community
association management on behalf of the business entity.
The director shall establish by rule education requirements for
controlling managers and any employees of a licensed business entity
(licensed entity) who perform community association management on
behalf of the licensed entity.
The bill sets forth various grounds for disciplining a licensed entity
and directs the director to establish a points-based disciplinary system for
determining the appropriate level of discipline to impose on a licensed
entity based on the level of violation.
The bill repeals the licensure of CAMs on September 1, 2029, and
directs the department to conduct a sunset review of the licensure
program before that date.

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with Amendments
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