Corporate Transparency Act 2024 For Hoa. Failure to comply with the corporate transparency act can result in significant penalties,. Starting january 1, 2024, fincen requires most legal entities to report their boi.
Fincen issues guidance on whether homeowners associations (hoas) are required to report beneficial ownership information to fincen under the corporate. The corporate transparency act is a new law that requires companies to report information on their beneficial owners.