FLORENCE — The S.C. Chapter of the Community Associations Institute (CAI) is holding an educational seminar for condominium association leaders.
The half-day program, comprised of two session topics, will be from 9 a.m. to 2 p.m. March 13 at the Realtors Association of Pee Dee, 1375 Celebration Blvd., Florence.
The first session will address new lending regulations for condominiums that have been enacted by the Federal Housing Administration. The new regulations will affect buyers, sellers, mortgage brokers, real estate agents, insurers, condominium managers and association board of directors. The new regulations place significant restrictions on qualifying factors and require condominiums to adhere to new detailed record keeping and reporting requirements. Participants will learn what the new regulations are and how to comply with them to avoid the strict penalties for falsifying information.
The second session will focus on assessment collections and foreclosure procedures in condo and homeowners associations. Participants will learn the impact of uncollected assessments on the community as a whole. Topics will include collection strategies and legal remedies as well as how a community can determine which methods are most cost effective and productive.
Tuition for the workshop is $40 and participants must be pre-registered. The deadline for registering is March 10.
Registration materials are available at www.cai-sc.net, by e-mail from Kati@cai-sc.net or by calling (877) 430-2493.
CAI members involved in the coordination and presentation of this workshop are volunteers and receive no compensation for their contributions.
CAI is a national member association that represents community associations, co-ops, condominiums, professional managers and related professional and business partners. The institute is a nonprofit educational resource association dedicated to encouraging effective, competent community associations and managers through seminars, coursework and publications. The organization also advocates association interests before legislatures, regulatory bodies and the court.
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