Update Your Policies as New Laws Go Into Effect
A helpful reminder from RMWBH's POA attorneys.
September 1st in a legislative year is the traditional date many new laws
go into effect, and this September 1st is no different. As a result, POAs
need to be sure their policies are updated to correspond to the new
requirements. This year, that means single-family POAs, governed by
Chapter 209, need to update their Collection Policy. Plus, for those POAs
with fining authority set forth in their governing documents, a fine
policy will need to be adopted or updated by January 1, 2024. Also, if
your POA has not adopted policies from the 2021 legislative
session, NOW is the time to get in compliance for those. If
you would like more information on the policies and how RMWBH can assist,
please reply to this email.