|
|
|
|
|
|
|
|
|
|
| IHG Insurance (National Insurance Provider) |
| Providing Community Association Insurance for over 25 years: D&O Liability, Crime Products, Umbrella Coverage and Property Manager's Errors & Omissions Liability. |
|
|
|
|
|
|
| You are not authorized to post a reply. |
|
|
| Author |
Messages |
|
CherylC
(Florida)
Posts:10
 |
| 08/14/2006 11:49 AM |
|
Hello all,
When you are changing something in the HOA and it is documented in the meeting minutes but no where else, what do you do?
HOA board decided in 2004 to charge late fees and a certain interest rate, doesn't this need to be added to the CC&R's and bylaws?? How else would you know, if the previous board members are no longer and say the paper work was not kept?
Confused,
CherylC |
|
|
|
|
RogerB
(Colorado)
Posts:3726
|
| 08/14/2006 11:56 AM |
|
| Cheryl, no this is not added to the CC&Rs or the Bylaws. It is recorded in the minutes and the minutes are supposed to be maintained (filed) for the life of the HOA. |
|
Roger Borcherding
Official HOATalk.com Sponsor
DARCO Property Management (Colorado)
(303) 925-0150 
*See legal notice below (end of page) or go to www.hoatalk.com/legal |
|
|
GeraldT1
Posts:0
|
| 08/14/2006 12:10 PM |
|
CherylC,
In addition to the recording in the minutes, I would think this change classifies as a resolution, notification of which should be provided to the residents.
GeraldT1
NNJ |
|
|
|
|
JoelM
(Ohio)
Posts:10
|
| 08/15/2006 12:10 PM |
|
| What associations must do, as you have here, is be very diligent about minutes and do not get lulled into a false sense of informality. The HOA is most members' most significant asset both financially, and life-style wise. It should be handled like any other business or financial asset. Minutes must be kept and should be approved. I also recommend that minutes be published to the entire association via newsletter, e-mail or posted on an association website, a place where by-laws and CC&Rs can be placed and easily accessible. This is simple and inexpensive technology no matter how big or small the association is. |
|
|
|
|
|
| You are not authorized to post a reply. |
|
|
General Legal Notice: The content of forum messages are from the posting member and have not been reviewed nor endorsed by HOATalk.com. Messages posted by HOATalk or other members are for informational purposes only, are not legal or professional advice and do not constitute an attorney-client relationship. Readers should not act upon this information without seeking professional counsel. HOATalk is not a licensed attorney, CPA, tax advisor, financial advisor or any other licensed professional. HOATalk accepts ads from sponsors but does not verify sponsor qualifications nor endorse/guarantee any sponsor's product or service.
HindmanSanchez Legal Notice: (For messages posted by HindmanSanchez) This message has been prepared by HindmanSanchez for informational purposes only and does not constitute legal advice. This information is not intended to create, and receipt of it does not constitute an attorney-client relationship. Members of HOATalk.com should not act on this information without seeking professional counsel. Please do not send us confidential information unless you speak with one of our attorneys and get authorization to send that information to us. If you wish to initiate possible representation, please contact an attorney in our firm. Our attorneys are licensed to practice law in the state of Colorado only.
Legal Notice For Messages Posted by Sponsoring Attorneys: This message has been prepared by the sponsoring attorney for informational purposes only and does not constitute legal advice. This information is not intended to create, and receipt of it does not constitute an attorney-client relationship. Readers of HOATalk.com should not act on this information without seeking professional counsel. Please do not send any sponsoring attorney confidential information unless you speak with the sponsoring attorney or an attorney from the sponsoring attorney’s firm and get authorization to send that information to them. If you wish to initiate possible representation, please contact an attorney in the firm of the sponsoring attorney. Sponsoring attorneys that post messages here are licensed to practice law in a specific state or states as indicated in their message signature or sponsor’s profile page. (NOTE: A ‘sponsoring attorney’ is an attorney that is a HOATalk.com official sponsor and is identified as such in the posted message or on our sponsor page.)
|
|
|
|
|
|
|
|