HB0731 Summary: Community Association Manager Licensing and Disciplinary Act

• Removes the Community Association Manager Licensing and Disciplinary Act from the Regulatory Sunset Act repeal scheduled for January 1, 2022, extending its duration to January 1, 2027.

• Creates a new "designated community association manager" position to replace the "supervising community association manager" role, with requirements to act as a controlling person, authorized signatory on accounts, and supervisor of firm activities.

• Establishes community association management firm licensure requirements, including mandatory designation of a licensed community association manager and prohibition on a designated manager serving more than one firm.

• Adds new disciplinary grounds including failure to disclose conflicts of interest, compensation from third parties, and ownership interests exceeding 1% in referred entities.

• Implements citation authority for continuing education violations with penalties up to $2,000 and establishes a 5-year statute of limitations for enforcement actions.