Illinois Snow Removal Service Liability Limitation Act: Bad News for Associations!
The Snow Removal Service Liability Limitation Act became effective August 25, 2016, and eliminates common contractual remedies of associations. In a “nutshell,” certain indemnity agreements in snow and removal contracts are now against public policy and void. Any snow and ice removal contract entered into after August 25, 2016 can no longer require a service provider to indemnify a service receiver for damages or tort liability resulting from the acts or omissions of the service receiver or the service receiver’s agents or employees, or the service provider’s agents or employees. Read the article……………..
The Supreme Court of New Jersey addressed this situation in A Committee For A Better Twin Rivers, v. Twin Rivers
The North Carolina Court of Appeals recently rendered an opinion reiterating that all amendments to the restrictive covenants (“CCRs”) governing
Federal Housing Finance Agency Publishes Rule Regarding Capital Contributions, CondoFees, Flip Taxes, HOA Transfer Fees, etc.
The Federal Housing Finance Agency (“FHFA”) recently published a Notice of Proposed Rulemaking directing Fannie Mae, Freddie Mac and the