“Corporate Transparency Act: Impact to Indiana Community Associations” – KSN attorneys Kelly Elmore and Zac Cronkhite discuss the Federal Corporate Transparency Act (CTA) and its impact to Indiana community associations. The CTA is a federal law requiring certain corporations, including most community associations, to provide board member information to the U.S. Department of the Treasury.

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Over the last decade, Florida has faced the destructive force of numerous hurricanes and tropical storms. Some of the most notable hurricanes include Hurricane Irma (2017), Hurricane Michael (2018), and Hurricane Ian (2022), each leaving behind billions in property damage and economic losses. These storms have severely impacted condominium, homeowner (HOA) and townhome community associations.

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The Corporate Transparency Act (CTA) is a new federal law that mandates that certain businesses disclose ownership information to the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN). The primary goals of the CTA are to increase business transparency and accountability in an effort to prevent illegal financial activities such as fraud, money … Read More ›

Illinois House Bill 0220 (HB0220) is a legislative proposal that amends both the Common Interest Community Association Act and the Condominium Property Act. The bill specifically requires that:

Any Illinois condominium, homeowner (HOA), or townhome community association
With major shared components or significant infrastructure
Which has had a reserve study conducted on or after January 1, 2020
Must have … Read More ›