As such, Fannie Mae and Freddie Mac have updated their lending guidelines in response to the Champlain Towers condominium collapse. As previously indicated in “ The Surfside Condo Collapse: A Condo Association Tragedy”, the Surfside condominium collapse was likely to bring about regulatory change. Since the Surfside condominium collapse, co-owners in Florida and Wisconsin have been forced to evacuate condominiums as a result of unsafe structural conditions. The Surfside condominium collapse was devastating for the condominium community and served as a wakeup call for many condominium associations.
Illinois General Not for Profit Corporation Act.Administrative Rules for the Illinois Community Association Manager Licensing and Disciplinary Act.Illinois Community Association Manager Licensing and Disciplinary Act.
Illinois Condominium and Common Interest Community Ombudsperson Act.Condo Unit Owners Rights and Responsibilities Handbook.
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