Lindsay Smith will teach Boards and Community Association Managers what they need to know about the new lending guidelines issued by Fannie Mae and Freddie Mac at noon on Tuesday, April 7. Please join to find out what you need to know to make sure your community is prepared before the rules change in August! Email covenants@wlpplaw.com for access information.
Continue Reading New Lending Guidelines Class
From Capitol Hill/Legislation
New Fannie Mae Property Standards and Insurance Requirements
By Lindsay S. Smith on
HOA Collection Law Class
By Suzanne M. Leff on
Community association managers and Board members are invited to join attorneys Carey Smith and Wendy Weigler at noon on October 7, 2025, by Zoom as they discuss collection of assessments under new law, Colorado House Bill 25-1043, that goes into effect at the beginning of October. As the legislature imposes increasingly strict obligations on…
Legal Update June 4
By Lindsay S. Smith on
Posted in From Capitol Hill/Legislation, What the Courts Say
Clients and community association managers are invited to join me at noon on June 4 for my 2024-2025 Legal Update, hosted on Zoom. I’ll go over the 2025 legislative session, what passed, what didn’t pass, thoughts about the future, and delve into cases that you may have heard about or that will impact your decision-making…
CTA Effectively Dead
By Lindsay S. Smith on
While you were busy watching the Oscars, the Treasury Department announced that it will take no enforcement action for failure to file CTA beneficial ownership reports. Moreover, the Department announced that its upcoming rules will apply to foreign entities only. This means that, unless your HOA is incorporated outside of the United States, the CTA…
CTA: Breakin the Law!
By Lindsay S. Smith on
FinCEN is as sick of the CTA as you all are. Yesterday, they announced that no fines, penalties, or other enforcement action will occur for the failure to file a BOI report while they figure out what the heck they’re doing with the CTA and new rulemaking. We should have more information on what those…
I’m out of creative titles. The CTA is back?
Tl;dr*: File your CTA beneficial owner registration by March 21, 2025. Probably.
The CTA has been the subject of various federal lawsuits and as a result, various conflicting rulings. We have focused primarily on the Texas Top Cop Shop cases, but other cases have also resulted in local and nationwide injunctions against the CTA. The…
Just Kidding.
Are you sick of “As the CTA Turns” yet? Yesterday, “to preserve the constitutional status quo,” the Fifth Circuit Court of Appeals vacated the order that stayed the trial court’s preliminary injunction against the CTA and its mandatory BOIR reporting. So, yesterday, when we told you that you have until January 13 to file your…
The 5th Circuit Issues a Christmas Surprise – CTA Reporting is Back
This afternoon, the Fifth Circuit Court of Appeals granted the government’s emergency motion to stay the trial court’s nationwide injunction against the CTA and its reporting requirements, pending a final determination of the appeal of that order. Finding that the government made a strong showing as to the CTA’s constitutionality, and that the lower court…
CTA Blocked – for today, at least
In a memorandum opinion issued on December 3, 2024, Judge Mazzant out of the Eastern District of Texas issued a preliminary injunction against the Corporate Transparency Act, finding that the Act is likely beyond the scope of Congressional authority. Reporting companies do not have to comply with the CTA’s January 1, 2025 reporting deadline, pending…