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...
by Jon Schlackman | Mar 4, 2026 | Uncategorized, Blog, Litigation, State Law
This month, our firm successfully recouped several years of past due common charges pursuant to RPAPL §1308(4)(k), otherwise known as the Zombie Law. A condominium unit located within an HOA had been vacant since the owners died. Pursuant to this law, our firm put...
by Jon Schlackman | Jan 15, 2026 | Blog, Condominium, State Law
On October 16, 2025, New York State passed amendments to the Real Property Law and Real Property Actions and Proceedings Law, significantly changing foreclosure actions for condominiums and homeowners associations. Condominiums and homeowners Condominiums and...
