On March 26, 2025, U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued an interim final rule and request for comments. The interim rule eliminates the requirement under the Corporate Transparency Act (CTA) for U.S.-based entities, including community associations, and their board members to report beneficial ownership information to FinCEN.
As a result, subject … Read More ›
The City of Fishers, Indiana, has introduced an ordinance capping the number of single-family rental homes in each subdivision to 10%. The Ordinance, No. 022425A, seeks to address the growing trend of corporate investors purchasing large numbers of homes for rental purposes in the area. This issue, which has been the focus of community associations … Read More ›
“Accessibility in Illinois Community Associations” – KSN attorneys Pamela Park and Sabina Arutyunyan discuss accessibility in Illinois community associations. Topics include the American with Disabilities Act (ADA), the Fair Housing Act (FHA), legal requirements, modification requests, board member responsibilities, and more (44 mins).
The KSN Podcast examines various aspects of community association law, landlord/tenant issues, property … Read More ›
The U.S. Treasury Department announced on March 2, 2025 that it will not impose any penalties or fines related to the Corporate Transparency Act’s (CTA) beneficial ownership reporting requirements, either under the current deadlines or after upcoming rule changes take effect. Additionally, the Treasury plans to revise the rule so that it applies only to … Read More ›