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To Report or Not to Report (PART II) – Whiplash!
In my December 24th post to this blog, I had written that the 5th Circuit Court of Appeals had stayed the trial court’s injunction prohibiting enforcement of the Corporate Transparency Act (and of particular interest to us, the reporting requirement…
To Report or Not to Report – Have you gotten whiplash yet?!
In early December, I had blogged that a Federal Court sitting in Texas had ruled that the Corporate Transparency Act was “likely unconstitutional” and stayed the reporting requirement. Now the Fifth Circuit Court of Appeals has stayed the stay so…
Beneficial Ownership Information on hold
Just as many of you may were preparing to file your Beneficial Ownership Information reports (“BOI”) with the Financial Crimes Enforcement Network (“FinCEN”), a Federal Court judge out of Texas entered a temporary injunction.
On Dec. 3, 2024, the U.S.…
New Financing Options Available for Resident-owned Communities
Today, the U.S. Department of Housing and Urban Development, through the Federal Housing Administration (FHA), announced the launch of its new Manufactured Home Community loan product, which will provide an FHA-insured financing option for the purchase, refinance, and revitalization of…
New Developments with the Corporate Transparency Act
Since the turn of the new year, we’ve started discussing the Corporate Transparency Act’s (“CTA”) requirements that every small business – including your homeowner, condominium and cooperative association – register its business information with the US Treasury Department’s Financial Crimes…
The Surfside “Glitch Bill” and Mobile Home/RV Park ROCs
As many of you know, Florida’s legislators, in a special session last year, attempted to respond to the tragic collapse of the condominium in Surfside with changes to the laws governing many community associations. Those changes may have been well-intended…
Disaster Relief
Disaster assistance
Responding to the devastating 2021 collapse of the Champlain Towers South building in Surfside, lawmakers approved making property tax rebates available when residential properties are rendered uninhabitable for 30 days. During the December 2022 special session, lawmakers passed…
Post-Hurricane Ian Recovery
Our thoughts and prayers go out to everyone who has been affected by Hurricane Ian. As you probably know, Southwest Florida bore the brunt of the storm and has suffered catastrophic losses. At this time, power remains down for more…