Articles

Brand-new legislation has reached the Illinois Governor’s desk and will have a major impact on Illinois community associations (both condominiums and common interest communities). Senate Bill 3527, while not yet law, has passed both houses as of May 21, 2026, and is...

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...