Legal & Legislative News

Fannie Mae and Freddie Mac: New lender requirements take effect

In July, Fannie Mae and Freddie Mac released updates to project eligibility standards for condominiums and housing cooperatives.      Read…

8 months ago

New Rules Define “Good Faith” Efforts to Comply With Local Law 97 (NY)

The other shoe has finally dropped. After issuing a first round of rules late last year on how co-op and…

8 months ago

When the Homeowners Association Comes for Your Home (CO)

A spate of foreclosures filed by HOAs in Denver illustrate the potential risks of a increasingly common homeownership model.   Read…

8 months ago

Tenant Background Check and the Civil Rights Department Act (CA)

California’s Civil Rights Department (CRD), formerly known as the Department of Fair Employment and Housing (DFEH) has the responsibility of…

8 months ago

Corporate Transparency Act Reporting Requirements: What Do Illinois Community Associations Need to Know?

In 2021, Congress enacted the Corporate Transparency Act (“CTA”) in an effort to protect the U.S. financial system from illicit…

8 months ago

What You Need to Know About Florida New (2023) Senate Bill 154: Structural Integrity Reserves (SIRS) Studies

Florida Senate Bill 154 has been signed into law and brings significant changes to Structural Integrity Reserves (SIRS) studies, a…

8 months ago

RPAPL 2001 Does Not Serve As Time-Bar to Condominium Board Requesting That Unit Owner Remove Structures From Outdoor Space )NY_

......a recent case filed by a condominium unit owner that touches on concerns related to the use of outdoor space…

8 months ago

Navigating the topsy turvy process for major condo association restoration projects (FL)

On June 9, 2023, Gov. Ron DeSantis signed into law Senate Bill 154 (SB 154), which seeks to address select…

8 months ago

Timeshare Tax Shenanigans End With Large Penalties

When I saw the Ninth Circuit decision in the case of James Tarpey, something about it was familiar. It turns…

8 months ago

New law will allow HOA electronic voting for elections, recalls (NV)

Assembly Bill 309 allows HOAs to utilize electronic voting for elections and recalls. It also allows HOAs to use autopay…

8 months ago