Steven Cronig and Morgan Metzger Author FAQs Byline on What You Need to Know About Borrowing Money to Comply With Amendments to the Florida Condominium Act

November 1, 2022

Hinshaw partner Steven Cronig and associate Morgan Metzger recently authored a follow-up byline in the Daily Business Review titled, "Borrowing Money to Comply With Amendments to Fla. Condominium Statute?: What to Know." The article addresses important compliance considerations for condominium associations as a consequence of recent amendments to the Florida Condominium Act. The amendments were adopted in response to the 2021 Champlain Towers collapse, and were detailed by Cronig in a previous Daily Business Review article.

Cronig and Metzger outline how the new obligations and liabilities established by the amendments impose "very large financial obligations" upon condominium associations. They then answer commonly asked questions about covering the cost of these new obligations,  including:

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"Borrowing Money to Comply With Amendments to Fla. Condominium Statute?: What to Know" was published by the Daily Business Review on October 26, 2022.

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