Illinois Condo and HOA Boards Should Prepare for New Collection Policy Requirements
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Illinois Condo and HOA Boards Should Prepare for New Collection Policy Requirements
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KSN attorney Joshua Weinstein discusses upcoming, new legal requirements for Illinois community association delinquent assessment collection policies. Topics include the potential impact to association finances, board member best practices to avoid collection challenges, what must be included in the collection policy, and additional legal requirements for unit sales.
Since 1983, KSN has been a legal resource for condominium, homeowner, and townhome associations. Additionally, we represent clients in real estate transactions, collections, landlord/tenant issues, and property tax appeals. We represent thousands of clients and community associations throughout the US with offices in several states including Florida, Illinois, Indiana, and Wisconsin.
Legal questions? Visit www.ksnlaw.com.