Anti-terrorism law requires burdensome reporting rules for HOAs (MD)

/ Owner - September 5, 2024

The Braddock District Council of Community Association warns HOAs that they will face significant, burdensome reporting requirements, beginning Jan. 1, 2025, under the Corporate Transparency Act (CTA).  The boards of HOAs, condo associations, and community associations will be required to report annually to the U.S. Treasury Department’s Financial Crimes Enforcement Network    Read the article…………………………….

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