Condos to be scrutinized by Fannie and Freddie
By Don DeBat Loop North News Condominium associations and homeowner associations in Chicago and across the nation will be more closely watched by the federal […]
Condominium and Common Interest Community Ombudsperson Act
On July 1, 2016, the Condominium and Common Interest Community Ombudsperson Act will go into effect. It establishes the Office of the Condominium and Common […]
Condominiums Win in the Supreme Court – 1010 Lake Shore Association v. Deutsche Bank
On December 3, 2015 the Illinois Supreme Court issued a ruling in 1010 Lake Shore Association v. Deutsche Bank National Trust Company, 2015 IL 118372. […]
NEW WATER CERTIFICATION REQUIREMENTS FOR THE CITY OF CHICAGO
Beginning August 8, 2015, the City of Chicago is implementing additional documentation to obtain a FPC (Full Payment Certificate) for all transfers of real property whether […]
Proposed TRID Delay
The Consumer Financial Protection Bureau announced on Wednesday a proposal to delay the effective date of the TILA-RESPA Integrated Disclosure rule until Oct. 1. “We […]
Legislative Update 6/1/15
Effective June 1, 2015 there are two mandatory insurance coverage changes that will impact Condominiums in Illinois as follows: Directors and Officers Coverage – The […]
2015 Security Deposit Interest Rate
The Illinois Department of Finance and Professional Regulation Division of Banking has announced the interest rate affecting the interest to be paid to tenants on […]
Cops can make you unlock your smartphone with fingerprint, says judge
Interesting read and the subject of a few debates – especially among the nerds I hang out with. Gotta say I told you so. http://mashable.com/2014/10/30/cops-can-force-you-to-unlock-phone-with-fingerprint-ruling/?utm_cid=mash-com-Tw-main-link
Condo boards should invest reserve money conservatively!
As we know boards of directors can and should invest association reserve funds. Investment of reserves is generally contemplated by the General Not For Profit […]
Underfunded reserves is a financial reality for Community Associations.
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