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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.
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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

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