Important CTA Update: On Dec. 26, the full panel of judges of the Fifth Circuit Court of Appeals issued an order vacating the stay of a preliminary injunction halting reporting compliance under the Corporate Transparency Act. The U.S. Department of Treasury's FinCEN released a statement this afternoon announcing BOI filings are voluntary. The most recent decision suspends the upcoming Jan. 2025 deadline requiring community association boards to file sensitive personal information with the government in an effort to combat terrorist activities. The latest dramatic decision in Texas Top Cop Shop v. Garland follows a Dec. 23 order reversing a temporary preliminary injunction imposed by the U.S. District Court for the Eastern District of Texas. This means beneficial ownership information reporting requirements have been paused again by a federal court for applicable community associations under federal statute. This continues to be a developing issue. Association boards should remain vigilant and informed on these ongoing updates. FinCEN issued the following statement "In light of a recent federal court order, reporting companies are not currently required to file beneficial ownership information with FinCEN and are not subject to liability if they fail to do so while the order remains in force. However, reporting companies may continue to voluntarily submit beneficial ownership information reports."
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Meet Our New CAI-KY 2025 President! Roxanne Schuchardt, CMCA Community Association Manager | President, CAI 2025 Kentucky Realty Corporation – Louisville, Kentucky Roxanne Schuchardt is an accomplished Community Association Manager with extensive experience in managing and enhancing residential communities. She holds the prestigious Certified Manager of Community Associations (CMCA) designation, reflecting her dedication to professional excellence and effective leadership in the field. As the 2025 President of the Community Associations Institute (CAI), Roxanne is committed to promoting best practices and fostering innovation within the industry, empowering communities to thrive under proactive management and strategic planning. In her role at Kentucky Realty Corporation in Louisville, Kentucky, Roxanne has demonstrated expertise in property management, conflict resolution, financial oversight, and ensuring compliance with regulatory standards. Her passion for creating harmonious, well-run communities has made her a trusted leader and mentor within the industry. When she's not managing communities or spearheading initiatives at CAI, Roxanne enjoys contributing her time to reading, gardening and spending time with her family. We are ecstatic to have her lead us into greatness this year!
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MembershipMembership is originated through the national CAI organization and there you select your local chapter; in this case, the Kentucky chapter. Members have benefits on the national and local level.
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 Member connect discussion forumNeed some quick advice or information from other HOA volunteers or Community Association Managers dealing with a difficult issue? How about a connection with a Business Partner who may have some insights for a similar goal you have? Take advantage of our new LOCAL Member Discussion Forum.
| AdvocacyMembership offers strength in numbers. CAI advocates for legislation that protects community self-governance and promotes civility. At the state level, we are currently focused on the Kentucky Planned Community Act. .png)
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