CAI-NJ Sep.2016

QUIZ... from page 22.

Are you staring at major repairs?

When I joined CAI, I was unaware of the LAC and how it focuses on state and federal legislation that could impact common interest communities, both positively or negatively. Nor did I know the LAC works with a firm specializing in legislative matters (lobbyist) to scope out legislation and communicate the views of the CAI membership to elected officials. If your Property Manager or board does not inform you about laws or court cases that impact HOAs and how to influence the outcomes, find out why not! The 1.5 million residents of the 6,600 common interest communities in New Jersey should be a major political force. Those of us serving as volun- teers on common interest community boards can become overwhelmed with problems and issues within our own community. Joining CAI has been invaluable to me as I became a more effective volunteer leader. Becoming a member of the LAC has proven to me the value, as stated in the LAC guidelines, of “working together to represent the interests of, and to provide regular commu- nications to, CAI members regard- ing state legislative, regulatory, and amicus curiae activities of relevance to the creation and operation of community associations.” n

Look no further. For over 20 years, Popular Association Banking has served the community association industry exclusively with: • Financing for building repairs & capital improvements • Competitive fixed rates with terms up to 15 years • Excess FDIC insurance coverage limits Our dedicated team of experts is committed to delivering superior customer service for your association, offering all financing, lockbox, cash management, and other depository services.

Contact David Shahrabani, VP 973-783-0014 Toll free: 800-233-7164 DShahrabani@bpop.com www.associationbankers.com

Subject to credit approval. ©2015 Banco Popular North America. Member FDIC.

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