Federal Court Issues Nationwide Preliminary Injunction Against Complying with Corporate Transparency Act’s January 1, 2025 Reporting Deadline

December 6th, 2024 | Blog, Community Association Law Blog, News

By Eric F. Frizzell Esq. On December 3, 2024, a federal court in Texas issued a preliminary injunction, applicable nationwide, staying enforcement of the Corporate Transparency Act (“CTA”) and its reporting requirements. The court stated that “reporting companies need not comply with the CTA’s January 1, 2025 BOI reporting deadline

NJ Court Strikes Down Some DCA “Radburn” Regulations Impacting Community Associations

March 30th, 2024 | News

By Eric F. Frizzell, Esq. On February 23, 2024, a New Jersey appellate court decided CAI-NJ’s challenge to various “Radburn” regulations, enacted by the New Jersey Department of Community Affairs, that impact community associations. Among the rulings that the court made were the following: – Votes in association board elections

Important Legal Bulletin for Community Associations and their Board Members: Complying with the new federal Corporate Transparency Act

January 28th, 2024 | Blog, Community Association Law Blog, News

By Eric F. Frizzell, Esq. On January 1, 2024, the federal Corporate Transparency Act, became effective. Congress passed the Act due to concerns that “malign actors” seek to conceal their ownership of corporations, limited liability companies, and similar entities that facilitate the financing of terrorism, human and drug trafficking, and

Important Changes in New Jersey Law Requiring Structural Inspections, Conducting Capital Reserve Studies, and Funding Reserves for Condominium Associations and Cooperatives

January 19th, 2024 | Attorney Articles and Publications, Blog, Community Association Law Blog

By Eric F. Frizzell, Esq. On January 8, 2024, New Jersey Governor Phil Murphy signed into law, effective immediately, legislation that addresses two important concerns for community associations: (1) protecting the structural integrity of certain residential condominium and cooperative buildings through a stringent inspection process and (2) imposing new requirements

Dealing with Unit Owner Requests to Inspect Community Association Financial Documents – A Summary of the DCA Guidelines

July 11th, 2023 | Blog, Community Association Law Blog

By Eric F. Frizzell, Esq. Community associations frequently receive requests to review their financial records from unit owners. How should your association respond to such a request? The New Jersey Condominium Act provides that associations are responsible for “the maintenance of accounting records in accordance with generally accepted accounting principles

GLOSSARY OF COLLECTION LAW TERMINOLOGY

May 18th, 2023 | Attorney Articles and Publications

Discovery.  Motion for Summary Judgment.   Default.   What do these commonly used terms mean?  The purpose of this glossary is to assist community association board members and property managers in better understanding legal terms and procedures that are frequently utilized by our law firm in the collection process against unit owners

Counting Paper Ballots in Community Association Board Elections – Avoiding Mistakes and Assuring Accuracy

May 13th, 2023 | Community Association Law Blog

By Eric F. Frizzell, Esq. May 12, 2023 It is the night of your community association’s annual meeting and there is a hotly contested election for the Board of Directors, which is being conducted by paper ballot. Candidates and unit owners anxiously await the results, which could dramatically change the

Annual Meeting Election Reminders

March 6th, 2023 | Community Association Law Blog

By Eric F. Frizzell, Esq. You are planning for your community association’s upcoming annual meeting and board election. In the last three years, you have become quite familiar with the “Radburn” regulations governing board elections that were enacted by the NJ Department of Community Affairs in 2020. Complying with the

BFC Welcomes Attorney Mary Ellen Liberatore

September 28th, 2022 | Community Association Law Blog, News

BFC is pleased to announce that Mary Ellen Liberatore, Esq. has joined the firm as Of Counsel.  Mary Ellen’s law practice is focused on representing community associations as well as purchasers and sellers in residential real estate transactions. Mary Ellen has been practicing law for over seventeen years. She has

Fannie Mae and Freddie Mac Issue New Loan Eligibility Requirements for Units in Community Associations

February 2nd, 2022 | Community Association Law Blog, News

By Vanessa Pena, Esq.   February 2, 2022 New loan eligibility requirements for units in community associations have been issued by the Federal National Mortgage Association (“Fannie Mae”) and the Federal Home Loan Mortgage Corporation (“Freddie Mac”) in response to the collapse of Champlain Towers in Florida. These new requirements may

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