Author: YourCornerstoneTeam

Call to Action – We need your help now!

Call to Action – We need your help now!

Members of our Community Association industry – we need your help now! There’s a link to the Call to Action at the end of this blog if you want to skip there – but the meat of it is important too. I hope you read […]

Governer Polis VETOES Manager Licensing Bill

HB 1212, the bill introduced to Recreate Homeowners’ Association Community Manager Licensing was vetoed by Governor Polis late Friday night. Because of this action, the Community Manager Licensing program will no longer exist as of June 30, 2019. Governor Polis stated in his veto letter that “Our […]

Update Regarding Community Association Manager Licensing

HB 1212, the bill introduced to Recreate Homeowners’ Association Community Manager Licensing passed on Friday, May 3, 2019. It is currently awaiting the governor’s signature. The governor has thirty (30) days to sign the bill. If the governor takes no action , the legislation will become law without being signed. If the governor vetoes the bill, the Community Manager Licensing program will no longer exist as of June 30, 2019.

At this time, due to the fact that the program is entirely contingent upon bill passage, DORA is continuing to delay the activation of this year’s renewals pending the legislation becoming effective with the governor’s signature. Be sure to check back here for updates!

Xeriscaping Bill Sent to Governor

HB-1050 has passed both the House and the Senate and has been sent to the Governor for signature. The bill prevents a homeowners association from prohibiting the use of drought-tolerant landscaping in common areas of a covenant controlled community. Under current law, a homeowners association […]

Manager Licensing Bill Has Now Been Introduced!

Manager Licensing Bill Has Now Been Introduced!

We knew it was coming and on February 25, 2019, HB 1212, which would reinstate Community Manager licensing, was introduced in the House. As you will recall, last year, the bill to extend manager licensing was defeated. As of right now, if no legislative action […]

Wage Garnishment Bill Introduced

Image result for wage garnishment

On February 19, 2019, a bill which would significantly affect a creditor’s ability to collect through wage garnishments was introduced in the House.

Under current law, the amount of an individual’s disposable earnings subject to garnishment is (in general) 25% of the individual’s disposable earnings for a week.

This bill, if passed, would change the amount subject to garnishment from 25% to 15% of the individual’s disposable weekly earnings.

Another item of note in this bill is that it would create an exemption that would permit individuals to prove that the amount of their pay subject to garnishment should be further reduced or eliminated altogether if the individual can establish that such reductions are necessary to support the individual or the individual’s family. In making its determination, the Court would review whether the earnings of the debtor following garnishment are insufficient to pay the actual living expenses of the debtor and his/her family based upon proof of such expenses incurred during the sixty days prior to the hearing.

Finally, the bill, if passed, would require clearer and more timely notice to an individual whose wages are being garnished and would give the individual more time after receiving the notice before the garnishment starts.

We’ll keep an eye on the progress of this bill, so make sure that you check our website for updates here.

Phones Back Online

Thanks so much for your patience while our phones were down. We are back online at this time.

Technical Difficulties – Phones Down

We are experiencing issues with our phones and they are down at the moment.  We are working diligently to fix the issue so that we can be back in touch.  In the meantime, you can reach us at mail@yourcornerstoneteam.com.  Thank you and have a great […]

Reserve Specialists and CAI Credentials

Much like knowing that your attorney or other business partner has earned the Educated Business Partner Distinction (Ashley Nichols of Cornerstone Law Firm, P.C. has!), you should also be asking whether your reserve specialist has earned CAI’s Reserve Specialist credential.

Jars of coins.

Community associations rely on qualified reserve specialists to assist them in extensive reserve planning to keep their communities running smoothly. Community Associations Institute awards this designation to qualified reserve specialists who, through years of specialized experience, can help ensure that community associations prepare their reserve budget as accurately as possible.

Qualified reserve specialists will have prepared at least thirty (30) reserve studies in the past three full calendar years, hold a bachelor’s degree in construction management, architecture, or engineering (or equivalent experience and education), and comply with strict rules of conduct outlined by the Professional Reserve Specialist Code of Ethics.

And once obtained, reserve specialists must redesignate every three years. Does your provider hold the credential?

If you have questions about your community’s reserve specialist, or want more information on how to find a credentialed professional, reach out to Cornerstone at mail@yourcornerstoneteam.com or head to Community Associations Institute’s webpage for more information!

Another Bill Affecting Landlords/Tenants Introduced

HB19-1118 was introduced this week relating to landlord/tenant issues.  Introduced on January 16, 2019, if passed, would require a landlord to provide a tenant fourteen (14) days to cure a violation for unpaid rent or for a first violation of any other condition or covenant […]