HOA Manager AMG Announces Good News for Community Associations: Federal Court Halts CTA Filing Requirements Nationwide

Association Management Group (AMG) announced that a federal court has issued a preliminary nationwide injunction halting the enforcement of the Corporate Transparency Act (CTA) filing requirements. The CTA aims to combat financial crimes by requiring organizations, including HOAs, to disclose beneficial ownership information, but the court cited concerns about compliance costs and data privacy. AMG advises community associations to hold off on filing and consult their attorneys for guidance. AMG remains dedicated to informing and supporting associations while offering tailored management services across the Carolinas.

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