BENEFICIAL OWNERSHIP INFORMATION REPORTING REQUIREMENTS

In 2022, the Rhode Island Legislature passed a change in the law, R.I. Gen. Laws § 34-36.1-3.13, as it relates to the responsibilities of insurance coverage for Condominiums. The new law establishes that the Unit Owner’s insurance policy is required to cover the amount up to the Association’s master policy deductible.

INFLATION RISKS. Can the Federal Reserve inflation without tanking the housing market and the economy? That’s the looming question following the quarter-point rate increase the Fed announced in March, as officials have indicated that future increases will probably be more aggressive,

INFLATION RISKS. Can the Federal Reserve inflation without tanking the housing market and the economy? That’s the looming question following the quarter-point rate increase the Fed announced in March, as officials have indicated that future increases will probably be more aggressive,

INDEPENDENT CONTRACTOR REDUX. The zig-zag path the Department of Labor’s (DOL’s) independent contractor rules have followed since their inception has zigged again. A federal district judge in Texas has rejected the Biden Administration’s decision to replace the Trump Administration’s revision of those rules with an Obama Administration version the Trump Administration had rejected. The Obama-Biden rules make it more difficult to classify employees as independent contractors; the Trump rules move in the opposite direction.

December 2021