What is the CTA? The CTA is a federal law that is focused on combating illicit financial activity. It’s intended to prevent money laundering, tax fraud, terrorist financing, and other illegal financial activity that could occur through shell companies or other non-transparent ownership structures. The CTA creates a new reporting requirement under whichGo to Resource
Category: Colorado Community Association Law
It has been quite some time since the HOA industry in Colorado has seen as much legislation as we saw this year! Of the 13 bills signed by the Governor, three pertain to public policy, which is a clear trend in legislative goals: HB24-1091 – Fire-hardened building materials, HB24-1152 – ADUs (accessory dwellingGo to Resource
“Conflict is a good thing” was the sales pitch from a rug salesman desperate to try and shift the most hideous fuchsia floor rug that would have been objectively unacceptable to any design theory to my father in the early 90s and has become a running gag whenever there is a disagreement inGo to Resource
May is Mental Health Awareness month. The HOA industry brings many struggles, stresses, and mental health difficulties to all involved. As a way to help steer our minds towards a more positive approach to this ever-challenging industry, we are reposting “Life Lessons” by Melissa Garcia. This article provides Melissa’s insights into what keepsGo to Resource
Although many concluded that the Corporate Transparency Act (“CTA”) applies to homeowners associations, we now have verification of this. On April 18, 2024, the Financial Crimes Enforcement Network (“FinCen”) issued 16 new FAQs and updated two more. Under Category C, question C.10 of the FAQs, a Q&A was added confirming that CTA requirementsGo to Resource