Does WUCIOA Eliminate Restrictions on Assessments in the CC&Rs of an Existing HOA?

July 9th, 2018
Posted By
Valerie Farris Oman
We believe that section 326 of the Washington Uniform Common Interest Ownership Act (“WUCIOA”) eliminates any restriction on assessment increases within the CC&Rs of an existing HOA. Our legal argument is strongest in cases of a special asses… Read More
Read More
Categories: Governing Documents, HOAs, WUCIOA
Tags: CC&Rs, community association, financial, governing documents, HOA, homeowners association, washington state, washington uniform common interest ownership act, wucioa

Annual Audits

December 30th, 2010
Posted By
Valerie Farris Oman
Can condominiums with fewer than 50 units vote to avoid having an annual audit? Only if their Declaration does not require an audit. The statute that requires both New and Old Act condominiums to conduct an annual audit provides that with a vote of 6… Read More
Read More
Categories: Governing Documents
Tags: audit, financial, governing documents

Compliance with the Red Flags Rule

November 9th, 2010
Posted By
Valerie Farris Oman
The “Red Flags” Rule is a regulation which will go into effect December 31, 2010 and which will apply to all “financial institutions” and “creditors” with “covered accounts.” “Creditors” are defined as: any person who regularly ex… Read More
Read More
Categories: Condominium Laws
Tags: cai, credit, financial, FTC, identity theft, red flags rule