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Director and Officer Liability

Board of Directors, Director and Officer Liability, Illinois Condominium Property Act, Property Managers

Illinois Court Rules Cumulative Late Fees in Condo Associations Are Unenforceable Assessments are a community association’s lifeblood, and community associations should ensure that they are timely receiving assessments from owners. Generally, community associations will levy late fees on owners who fail to timely pay their assessments.

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Board of Directors, Director and Officer Liability, Property Managers

Federal Court Reinstates Corporate Transparency Act Beneficial Ownership Reporting Requirements and Deadline Extended by FinCEN On December 3, 2024, a federal court in Texas issued a nationwide preliminary injunction in Texas Top Cop Shop, Inc v Garland, No. 4:24-CV-478, 2024 WL 4953814, at *37 (ED Tex,

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Board of Directors, Director and Officer Liability, Property Managers

Supreme Court Allows Enforcement of Corporate Transparency Act; FinCEN’s Website Says Filing Requirements Still on Pause On December 3, 2024, a federal court in Texas issued a nationwide preliminary injunction in Texas Top Cop Shop, Inc v Garland, No. 4:24-CV-478, 2024 WL 4953814, at *37 (ED

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Board of Directors, Collections, Condo and HOA Assessments, Condominium Document Enforcement, Director and Officer Liability, Illinois Condominium Property Act, Property Managers

A 3 Step Process for Collecting Condominium & HOA Assessments in Illinois Assessment payments are the lifeblood for a community association as these payments are generally the sole source of income for most community associations. The income received from assessment payments is used to fund association

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Board of Directors, Director and Officer Liability, Property Managers

5th Circuit Sets Aside Nationwide CTA Injunction on December 23, 2024: Complete your Corporate Transparency Act filings before January 1, 2025! On December 3, 2024, a federal court in Texas issued a nationwide preliminary injunction in Texas Top Cop Shop, Inc v Garland, No. 4:24-CV-478, 2024

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