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Income is recorded when a deposit is made to the bank. Expenses are recorded when a check is written to pay a bill. Cash basis financial statements are easy ...
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Michigan Chapter of the Community Associations Institute 01
Resources for condominium and homeowner associations in Michigan.
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The limit on loss assessments coverage might be $50000 but the policy may not pay more ... Loss assessment coverage (LAC), which is found in many individual ...
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Loans to condominium associations are unique. ... space or unit income (if applicable) as well as an assignment of the condominium association lien rights. ...
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Loss assessment insurance covers the common interests that an owner--the policyholder--shares with other owners. This usually includes common property and ...
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A condominium lien is recorded against any unit owner more than 45 days late. ... The association must also decide whether to foreclose on the condo lien or ...
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Michigan Chapter of the Community Associations Institute 01
Resources for condominium and homeowner associations in Michigan. ... CAI-Michigan is working to schedule a PMDP course in Michigan in 2009. ...
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DEPARTMENT OF COMMERCE CORPORATION AND SECURITIES BUREAU CONDOMINIUMS
File Format: PDF/Adobe Acrobat - View as HTML the Michigan Compiled Laws. (c) An expertise or working knowledge of the condominium act and rules promulgated thereunder. (2) The procedures to be utilized ...
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Michigan Chapter of the Community Associations Institute 01
Resources for condominium and homeowner associations in Michigan. ... CAI-Michigan is working to schedule a PMDP course in Michigan in 2009. ...
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DEPARTMENT OF COMMERCE CORPORATION AND SECURITIES BUREAU CONDOMINIUMS
File Format: PDF/Adobe Acrobat - View as HTML (By authority conferred on the corporation and securities bureau by section .... §125.1101 et seq. of the Michigan Compiled Laws, that a specific standard ...
