SB3264 Summary

• Extends the repeal date of the Community Association Manager Licensing and Disciplinary Act from January 1, 2022 to January 1, 2031.

• Requires all applicants and licensees to provide valid street addresses and email addresses to the Department of Financial and Professional Regulation and notify the Department of changes within 24 hours.

• Introduces the "designated community association manager" role to replace the previous "supervising community association manager" position, with one designated manager required per firm and responsible for firm activities.

• Adds qualifications for community association management firm licensure, including requiring a high school diploma or equivalent for individual managers and establishing new grounds for discipline including illegal discrimination based on protected classes.

• Removes temporary practice provisions for out-of-state managers and eliminates various exemptions; adds provisions for disclosure of compensation from third parties and ownership interests in referred vendors.