CO HB1239

Establishes licensure requirements for business entities performing community association management in Colorado, administered by the Division of Real Estate in the Department of Regulatory Agencies.

Licensed entities must demonstrate insurance compliance, designate a controlling manager with specified credentials (CMCA, AMS, or PCAM), pay fees based on number of employees, and obtain criminal history record checks for the controlling manager and all individuals performing management activities.

Requires all controlling managers and employees to maintain current professional credentials and complete 16 hours of continuing education every two years as a condition of license renewal.

Sets forth grounds for disciplinary action including mismanagement of HOA funds, failure to maintain proper records, conflicts of interest, and dishonest dealing, with the director establishing a points-based system to determine appropriate discipline levels.

Repeals the licensure program on September 1, 2029, with a mandatory sunset review before that date.