Equifax, one of the major consumer credit reporting bureaus, announced recently that it will begin including the common area fees and assessments that condominium owners pay in the calculation of consumer credit scores. Sperlonga, a data aggregator that will be collecting this information for Equifax, says the expanded reporting will help consumers improve their credit scores by adding another source of timely payments that will count in their favor. That may be true. But the condominium associations asked to provide this information and the management companies that collect it on their behalf leave themselves open to incur significant, unwanted and unnecessary liability risks. Read the article…………
Recent California laws enacted in 2023 and 2024, make it easier for homeowners to obtain…
The condominium living experience is evolving rapidly, influenced by technological advancements, demographic shifts, and changing…
The Illinois General Assembly has passed legislation adding Section 18.12 to the Illinois Condominium Property…
When Florida lawmakers concluded their 2024 Legislative Session, a number of bills passed that affect…
The Florida Legislature adopted House Bill (HB) 1021, which was recently signed into law by…
Q: Our homeowners association has private streets and has a formal parking policy that simply…