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New Law Requires Fidelity Bond Insurance for All HOAs

A new law took effect in 2019 that requires all homeowners associations (HOAs) to carry what’s called Fidelity Bond insurance. This policy basically protects the HOA from actions taken by board directors and officers, such as transferring money in and out of HOA accounts.

Pre-Foreclosures, Short Sales Weaken HOAs

Condo complexes and homeowners associations (HOAs) can be complicated entities in this day and age. A building with high short sale—and pre-foreclosure/foreclosure— levels can sometimes indicate a troubled HOA.