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A homeowners association (HOA) assessment lien is a lien on a property if the homeowner becomes delinquent in paying the monthly fees and/or any special assessments (usually collectively referred to as “assessments”). State law determines the priority of an assessment lien. HOA liens are often junior to first-mortgage liens. Some states have provided “Super Lien” status to HOA assessment liens. A super lien is a category of lien that is given a higher priority than […]

A few final thoughts as the conference draws to a close: The Hotel – Hit To use the elevations room cards are scanned and then passengers are assigned to one of eight “cars.” Everyone assigned to a car is going to one of three or four floors. When the massive crowds exited the meeting rooms and flooded the elevators the system very efficiently handled the crowds. The Hotel – Miss Apparently the hotel failed to […]

This has been a year to remember. Unprecedented regulatory change (over 6,000 pages) have ruled the day. It appears that 2014 will also be a busy year, but we hope the pace and volume of change is more reasonable. All of us at Jack’s ComplianceResource thank you for reading Jack’s Blog this year and we look forward to serving you in 2014. We also wish a year of good health and prosperity for you and […]

Thank you for subscribing to my blog. I hope you find the articles beneficial. I hope it is worth every penny you spend for the service. If you are looking for additional compliance assistance check out my website. We offer several other free services including the: Community Forum – a free service to answer your compliance questions. Compliance Calendar – a free service that tracks important dates regarding proposed and final regulations and recurring compliance […]

The Consumer Financial Protection Bureau (CFPB) will publish the long-anticipated amendments to Regulation Z to implement the ability to repay rules today. The rule will be effective next year. CFPB Director Richard Cordray will officially announce the new rule in an event scheduled for later today in Baltimore. The is the first of several final rules scheduled to be published by the end of next week. The rule imposes a range of obligations and restrictions […]