Articles

As many of our clients will recall, following the 2021 Champlain Towers South Condominium disaster in Surfside, Florida, Fannie Mae and Freddie Mac (two of the quasi-governmental agencies, which we’ll collectively call “Fannie Mae” in this article), had introduced a...

Over the past several years, legislators have introduced more bills impacting the community association industry. Some bills would amend the Condominium Property Act, some would amend the Common Interest Community Association Act, and some would do both. Others would...

The U.S. government's back-and-forth regarding enforcement of the Corporate Transparency Act (“CTA”) continued this week, though it has issued a statement that offers community associations some finality on the issue. On March 2, 2025, the U.S. Department of Treasury,...

The confusion regarding the Corporate Transparency Act ("CTA") and related reporting requirements continues, most recently due to a January 23, 2025 decision handed down from the U.S. Supreme Court, which granted a motion related to CTA filing in Texas Top Cop Shop,...

The U.S. Court of Appeals for the Fifth Circuit (“Federal Appellate Court”) cannot seem to make up its mind regarding enforcement of the Corporate Transparency Act (“CTA”). Recall that the CTA requires condominium and homeowners associations, as well as co-ops...

As many of our clients are now aware, the Federal Corporate Transparency Act (“CTA”) requires condominium and homeowners associations, as well as co-ops (“Associations”), to file documents and information with the Financial Crimes Enforcement Network (“FinCEN”), a...

As many of our clients are now aware, the Federal Corporate Transparency Act (“CTA”) requires condominium and homeowners associations, as well as co-ops (“Associations”), to file documents and information with the Financial Crimes Enforcement Network (“FinCEN”), a...

A recently-adopted Illinois law amends the Illinois Condominium Property Act by adding new Section 18.12, which governs accessible parking. The new law is applicable to both existing and new condominium associations (and inapplicable to townhome or homeowners...