The term “conflict of interest” is used often and quite loosely in the HOA industry. But did you know “conflict of interest” actually has a legal definition? More particularly, the definition is set forth in the Revised Nonprofit Corporations Act (“Nonprofit Act”), which definition is specifically referenced in and adopted by CCIOA. Pursuant to SectionGo to Resource
Governance Resources
Has your community ever been accused of discriminating? Or perhaps someone even brought discrimination charges against your association? Unfortunately, discrimination is the “in thing” nowadays and no association is immune. So what is an association to do in order to protect itself? Perhaps the most crucial step you can take is to arm yourself withGo to Resource
Introduction The Federal Housing Administration (“FHA”) is a government-owned insurance company that insures home loans for buyers who cannot afford a conventional down payment or prefer to use their available funds in other ways. In other words, a FHA backed loan allows a home buyer to purchase the home with a smaller down payment thanGo to Resource
Associations are oftentimes confused with the police. After all, it is not atypical for community managers or board members to receive calls from owners complaining about crime in their communities and demanding the associations do something about it. Whether it’s alleged drug use, car theft, or domestic violence, associations seem to be the first placeGo to Resource
Annual meetings can be valuable community events or dreaded functions that strike fear and anxiety into the hearts of the board members as if they are about to fight an evil untamed beast. Which type of annual meeting does your community have? If your annual meetings are the latter type, perhaps it’s time to rethinkGo to Resource