Conflicts of Interest for Directors—Do You Know What They Are?

By: Elina B. Gilbert, Esq. 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 adoptedGo to Resource

FHA Condominium Certifications: The Requirements and Prohibitions

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

Security Measures in HOAs

By: Elina B. Gilbert, Esq. 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 seemGo to Resource