Author: Mary W. Barrett
Ensuring Compliance for NJ Community Associations: Key Requirements and Deadlines
Posted in Community Associations
There are three important requirements affecting New Jersey Community Associations: Reserve Studies Compliance, the Corporate Transparency Act (CTA) Compliance and Structural Integrity Compliance. Please ensure your association is in compliance. Reserve Studies Compliance All community associations with at least $25,000 in capital assets must comply. Reserve studies must be updated… Continue reading
New Structural Integrity Law In New Jersey – Community Association Compliance Required
Posted in Community Associations
As we enter the last quarter of 2024, we want to again remind our New Jersey community association clients to review whether their buildings require structural inspections pursuant to the new Structural Integrity Law (N.J.S.A. 52:27D-119 et seq.). Who must comply? Unlike the January 8, 2024 law relating to reserve… Continue reading
Corporate Transparency Act (CTA): Action Required for Community Associations
Posted in Community Associations
As the end of the year approaches, there has been no determination that community associations will be relieved of the requirement to comply with the Corporate Transparency Act (CTA). While we remain hopeful of a legislative or legal solution, you must be prepared to file the required information no later than… Continue reading
New Reserve Law in New Jersey – Community Association Compliance Required
Posted in Community Associations
We are now halfway through 2024 and we want to again remind our New Jersey community association clients to check their reserve study status to ensure compliance with the January 8, 2024 law relating to reserve studies and reserve funding. Who must comply? All New Jersey community associations are required… Continue reading
Community Association Reporting Requirements Under the Corporate Transparency Act
Posted in Community Associations
On January 1, 2024, the Corporate Transparency Act (the “CTA”) became effective. The main goal of the CTA is to combat financial crimes by enhancing transparency in the ownership and control of corporations. The CTA will be administered by the Financial Crimes Enforcement Network which is part of the Treasury… Continue reading
What Are the Different Types of Community Association Meetings?
Posted in Community Associations
What are the different types of association meetings? How do you know what type of meeting to have? Community associations have board meetings and member meetings; knowing the difference and scheduling the right meeting is critical. Board Meetings for Community Associations At board meetings, the board of trustees conducts its… Continue reading
Five Steps to Successful Trustee Elections
Posted in Community Associations
Step One – Start Early. The time to start working on your next election is the day after your last election. Make notes for next year. What worked well? What could be done better? Clearly note the new (and existing) trustee terms in the minutes. Too often trustee terms get… Continue reading
Pools (and Some Other Amenities) are Opening in New Jersey! Should You Open Yours?
Posted in Community Associations
Governor Murphy has now announced that community association pools may open in New Jersey on June 22. If you didn’t hear that announcement, you probably did hear the collective cheers from Cape May to Mahwah. But, just because pools and some other amenities may open, you must ask: should you… Continue reading
Radburn Law Regulations
Posted in Community Associations
Effective May 18, 2020, proposed regulations to PREDFDA were adopted and published by the New Jersey Department of Community Affairs, Division of Codes and Standards (DCA). A Brief History In July 2017, several amendments to PREDFDA (N.J.S.A.45:22A-43) were signed into law becoming known as the “Radburn Election Law” (P.L.2017, c…. Continue reading
Validity of Debts May Be Disputed by Oral Communication: Third Circuit Rejects Requirement of a Writing to Dispute Consumer Debt Under the Fair Debt Collections Practices Act
Posted in Community Associations
On March 30, 2020, the U.S. Court of Appeals Third Circuit issued an important decision in the case of Riccio v. Sentry Credit, Inc., approving oral communication as a method to dispute the validity of a debt. This decision overruled Graziano v. Harrison 950 F.2d 107 (3d Cir. 1991), a… Continue reading
