by Jon Schlackman | Sep 17, 2026 | Blog, Board Members, State Law
Serving on the board of an HOA, condominium or cooperative comes with important responsibilities. New York law requires boards to complete certain annual compliance obligations to promote transparency and to help directors understand their fiduciary duties. Below are...
by Jon Schlackman | Aug 17, 2026 | Boards, Blog
FinCEN Issues Final Rule Permanently Exempting Community Associations from Corporate Transparency Act Reporting On August 11, 2026, the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) issued a final rule removing reporting requirements for...
by Jon Schlackman | Jul 24, 2026 | Blog, Board Members, State Law
As we mentioned a few months ago, Fannie Mae and Freddie Mac have issued new requirements that affect community association boards and their 2027 budgets. Notably, for loan applications dated on or after January 4, 2027, the minimum annual reserve contribution will...
by Jon Schlackman | May 13, 2026 | Blog, Board Members, State Law
A recent case out of Florida highlights the critical importance of financial oversight for all community associations. Following a 2022 investigation sparked by resident concerns over declining reserve funds and undocumented spending, it was discovered that a board...
by Jon Schlackman | Apr 13, 2026 | Blog, Condominium
There have been a boatload of changes Fannie Mae and Freddie Mac made recently, each having different effective dates. Highlights Highlighted here are a couple of concerns for Communities. Although the regulations do not specifically mention co-ops, We would not be...
