• 074 | How Fannie Mae & The Corporate Transparency Act is Affecting Your HOA | LIVE EPISODE

  • Oct 11 2024
  • Length: 36 mins
  • Podcast

074 | How Fannie Mae & The Corporate Transparency Act is Affecting Your HOA | LIVE EPISODE

  • Summary

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    Join us on our LIVE as we talk about Fannie Mae, one most important names in the US housing market, and the Corporate Transparency Act. Both are now affecting your HOA in BIG ways.
    ✅ Is a Reserve Study right for you? 👉 https://www.reservestudy.com/

    Fannie Mae...Who exactly are they? How did they come to play such a huge role in helping Americans buy homes? And why are they at the center of the future of HOAs? Tune in live, October 10 at 3pm Pacific on our HOA Insights YouTube channel to learn more! Robert, Julie, and Kevin will also be breaking down the Corporate Transparency Act and how that is directly affecting your HOA.

    Corporate Transparency Act Notes:

    Compliance deadline: Dec 31, 2024. Compliance is a two step process:

    1. Boardmembers should each personally get their own FinCEN (Financial Crimes Enforcement Network) ID here (will need photo ID such as passport or Driver's License).
    2. Gather Legal name of the association, Federal Tax #, and FinCEN IDs of all boardmembers and go here to e-file a BOIR (Beneficial Ownership Information) Report.

    Episode Chapters:

    00:00 Corporate Transparency Act (CTA) Overview
    06:45 Challenges and Compliance Strategies with the Corporate Transparency Act
    14:19 Impact on Board Members and Associations with the Corporate Transparency Act
    24:28 Fannie Mae and Freddie Mac Guidelines
    33:42 Audience Questions and Closing Remarks

    The views & opinions expressed in this program are those of the Hosts & Guests, intended to provide general education about the community association industry. The content is not intended to provide specific advice or recommendations for any individual or organization. Please seek advice from licensed professionals.

    Podcast Links:
    Full Episode List
    Watch On Youtube

    Engage in the conversation!

    Call our 24/7 voicemail line at (805) 203-3130 or send an email or voice memo to podcast@reservestudy.com

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    Connect with Hosts on LinkedIn

    Julie Adamen
    https://www.linkedin.com/in/julieadamen/

    Kevin Davis, CIRMS
    https://www.linked...

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