Navigating HOA compliance and adhering to HOA regulations are fundamental responsibilities for any board member. Community Financials helps by providing up-to-date information on legal requirements, compliance best practices, and regulatory changes that impact homeowners associations. Stay informed about the latest laws, understand how they affect your community, and learn how to implement policies that keep your HOA compliant.
Whether you need guidance on amending governing documents, enforcing community rules, or understanding state-specific regulations, these articles offer practical advice and resources to help your board maintain legal integrity and avoid costly compliance issues. Enhance your understanding of the legal landscape and ensure your community’s operations align with current laws and regulations.
For some of Community Financials’ customers we have used RevoPay to help with encrypted online payment processing. They handle e-checks and credit card transactions. Their system plugs into our accounting software and is a “behind the scenes” part of our homeowner online payment solution. RevoPay was founded in 2002 as a cloud-based e-payments software and…
In a significant development, the U.S. District Court for the Eastern District of Texas issued a preliminary nationwide injunction on December 3, 2024, halting the enforcement of the Corporate Transparency Act (CTA) and its beneficial ownership information (BOI) reporting requirements. This ruling blocks the requirement for businesses, including community associations, to file their BOI reports…
Navigating California’s complex HOA regulations can be challenging for board members and community managers. Staying compliant with the latest legal updates is crucial to maintaining smooth operations and protecting the interests of homeowners. With the introduction of significant changes to California HOA laws in 2024, it’s more important than ever to understand how these regulations…
As of January 1, 2024 the Financial Crimes Enforcement Network (FinCEN) will require most legal entities, domestic or foreign, to report their Beneficial Ownership Information (BOI). How will this impact HOAs and Condominium communities? Do HOAs and Condo Communities have to comply with new 2024 FinCEN regulations? What is the Corporate Transparency Act About? The…
We wanted to share an excellent resource with you which will help you to figure out the reserve requirements for HOAs and Condos in each state. Our friends at the Community Associations Institute (CAI) have a digest of all the requirements since regulations governing Homeowner Associations and Condominium Communities vary greatly from state to state. What are…
Russell Munz, Founder
Certified Manager of Community Associations (CMCA)
Expert Financial Oversight
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