Corporate Transparency Act 2024 Hoa Lawsuit. Fincen issues guidance on whether homeowners associations (hoas) are required to report beneficial ownership information to fincen under the corporate. In june 2024, the community associations institute board of trustees voted to file a lawsuit seeking an exemption for community associations from the burdensome provisions.
The bipartisan corporate transparency act, enacted in 2021 to curb illicit finance, requires many companies doing business in the united states to report information about the. On september 10, 2024, community associations institute filed a lawsuit against the united states department of treasury challenging the application of the corporate transparency act beneficial ownership interest filing requirements.