Categories: Board Duties, Community Association Management, Federal Law & Regulations Tags: Beneficial Owner Information, Corporate Transparency Act, CTA
By Richard S. Ekimoto, Esq. Background about the CTA The Corporate Transparency Act (“CTA”) is a federal law that adopted in 2021. The Financial Crimes Enforcement Network (“FinCen”) in the U.S. Department of the Treasury promulgated regulations implementing the Beneficial Ownership Information (“BOI”) Reporting requirements for all covered entities. The regulations are codified as 31 CFR 1010.380 (“BOI Reporting Regulation”). The CTA and the BOI Reporting Regulation were adopted because: Illicit actors frequently use corporate [Read More...]
Categories: Community Association Management, Fair Housing & ADA, Seminars
For those of you attending the 2017 CAI National Conference in Las Vegas this week, please be sure to attend the session “A Service Dog by Any Other Name” on Friday, May 5, 2017 from 9:30-10:20 a.m. The session is sure to be interesting. Custom K9 Services will be on hand to provide a demonstration involving an assistance animal. Custom K9 Services supplies dogs to military and police departments across the U.S. and Canada, and has [Read More...]
Categories: Collections & Foreclosure, Community Association Management, Federal Law & Regulations
A few days ago, the Federal District Court for the District of Hawaii ruled that a management company is not a debt collector under the Fair Debt Collection Practices Act (“FDCPA”). Although the legal principles in the decision are not particularly new, it does provide an opportunity to discuss the FDCPA and management companies. The FDCPA requires debt collectors to meet certain requirements in the collection of a debt, including a requirement to provide the [Read More...]
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