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HOW DOES THE
CORPORATE
TRANSPARENCY
ACT AFFECT
COMMUNITY
ASSOCIATIONS?
The Corporate Transparency Act
affects community associations and
their board members. Community
association board members are
required to submit specific personal
information to the federal government.
Then, a board member must also file
general information about their HOA.
Under the CTA, HOAs fall under the
"reporting companies" category and
board members under "beneficial
owners."
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