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“Membership Distinction,” Common Ground Magazine

01.12.2021

A New Jersey bill signed into law by Gov. Phil Murphy on Sept. 30 explains which community associations have mandatory – as opposed to voluntary – membership for homeowners when it comes to assessment payments and other aspects of association governance, writes WRNJ. The new statute (S908/A2480) clarifies the 2017 […]

“Lawyer Up” – Common Ground Magazine

01.11.2021

Some boards only engage legal counsel when a situation has become dire. Others are overly cautious and all the attorney at the drop of a hat, but unusually high legal bills often lead to membership scrutiny. More often than not, however, boards don’t consult legal counsel enough. It’s a dangerous […]

New York Disclosure Bill Regulates Commercial Financing Transactions

01.07.2021

On December 23, 2020, Governor Cuomo signed Assembly and Senate Bills which amend the New York Financial Services Law to require disclosure of certain financial information by certain defined “provider(s).” The Governor’s statement conditions approval on further amendments and a bill with amendments is already drafted. The Disclosure Act does […]