Condo associations, in general, can take out bank loans

Question: Can a board of directors of a condo association enter into a loan or line of credit agreement with a bank, using the condo assets as collateral, without a vote by the unit owners? —   Read the Q&A………….


Related Articles

PCB (FL) residents seek parking solution

The Palmetto Trace homeowners association wants the Panama City Beach Council to pass a law that would ban parking on

HOA Governing Documents Determine Director Eligibility Requirements

Question: The annual meeting of our homeowners’ association was held in November. At that time, we had an election to

Can manager run for the board of directors?

Q: The owner of the management company that has a contract with our building is running for the board because