Cohousing-L Mailing List: Re: 1. FinCen, BOI filing (John Richmond)

[lienjud [at] aol.com (lienjud]

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Message: 1
Date: Fri, 1 Nov 2024 14:30:48 +0000
From: John Richmond <johnrichmond50 [at] hotmail.com>
To: "Cohousing-l [at] cohousing.org" <cohousing-l [at] cohousing.org>
Subject: [C-L]_ FinCen, BOI filing
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Hello everyone! This is a topic we've begun talking about in our admin 
committee, and others outside the committee are thinking it about also. There 
was a short discussion in September about this. What are other folks around the 
country doing with the Beneficial Ownership Info requirement from the Dept of 
Treasury?

https://boiefiling.fincen.gov/help
https://boiefiling.fincen.gov/fileboir

Thank you

John Richmond
Richmond Cohousing VA
The name is real; the place really is not named after me

Hi John:
our community, Cascadia commons, belongs to the CAI and we found out through 
them many months ago that this is a new law we have to comply with. there are 
legal challenges being mounted to exempt hoa's and so far, it has not been 
successful. We are collecting the information; a copy of your driver's license 
contains all information needed and we will be filling shortly,
Through the grapevine, heard that this was discussed at the cohousing 
conference and had hope that the association would put out a statement, 
informing communities about it. I wrote to them and heard nothing back. 
Our community is structured with all homeowners being on the board of 
directors. We sought legal advice from our attorneys and were advised that all 
board members need to provide this information. Our attorneys specialize in 
condo law, and they put on a webinar about the CTA. I would urge all 
communities to join the CAI( Community Association Institute) to stay abreast 
of changes in the law. 
Needless to say, there is unhappiness among members about complying with this 
law. 
Judith Lienhard, Cascadia Commons, Portland Oregon