The Corporate Transparency Act (CTA) is a U.S. law that was passed in 2021. It requires certain businesses to disclose ownership information to the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Department of the Treasury.
The federal law was created to increase business transparency and accountability to prevent illegal activities, particularly … Read More ›
Several changes in 2024 Illinois legislative have impacted the management of condominium, homeowner (HOA), and townhome community associations. Below is an amended summary our law firm has compiled with implications of these legal updates.
If you have questions or concerns regarding these legislatives updates and their impact on your association, please do not hesitate … Read More ›
The 2024 security deposit interest rate has been set by the Illinois Department of Financial and Professional Regulation (IDPFR).
As noted on the Illinois Department of Financial and Professional Regulation website:
“The Illinois Department of Financial and Professional Regulation, Division of Banking announced today that the interest rate paid by the largest commercial bank … Read More ›
The City of Chicago Department of Buildings has issued winter weather reminders impacting landlords and rental property managers. You can find the reminders below and here.
Chicago Heat Ordinance
Residences
The Heat Ordinance requires that during designated cold weather months landlords supply heat to residential apartments where occupants do not have individual control of … Read More ›