Info Bytes 07.21.22

We've kept our focus on investing as budget-busting inflation continues at home and across the globe.

Are your reserve funds earning a respectable return?

• 3 Month T-Bills yielding 2.66% (!)
• If you're locking up funds more than 3 months at a time, you're betting against the Fed.

A look at this week's rates… (as of Tuesday, July 19)

• N.B.  The FOMC is poised to raise the overnight lending rate another 75bps (that's 0.75%).

Principal Guaranteed Securities: Don't Trade

CONVENIENCE for YIELD

>>> N.B. Yield curve inversion:

• The 10yr US Treasury Note yields 3.01% (LESS than 9 month to 5yr Bills & Notes)

Want to know why your employees are asking for a raise?  Inflation is outpacing wage growth.

Have you seen the WSJ Inflation Tracker ? It's interactive!

In Good Faith

• In Santoro v. Eagle Crest Estate Homesite Owners Association , the Oregon Court of Appeals found that governing language requiring good faith applies a different standard than a lack of bad faith and/or lack of honest judgment.

  • LEARN MORE about your duty of care to act in good faith

Arbitrary and Capricious Approvals

• In Schwindt v. Omar , the California Court of Appeals (fourth district, division three) found a Board's arbitrary and capricious decision to allow one owner to alter their property does not bind the court to a remedy involving removal of the alteration.

No Approval?  No problem! … Almost

• In Warriner Investments, LLC v. Dynasty Homeowners Association , the Indiana Court of Appeals found no fault with a trial court's discretion to allow a pole barn that was knowingly constructed without approval to remain in place because it wasn't possible to see the structure from the street or any other lot and was therefore determined to have no material impact on the association.

  • While the barn remained intact, the Warriner's were left to reimburse their association's $25,000 legal fees.

We've added two completely new resources this week.

• >>> Everything is free to view online!
• >>> Subscribers: feel free to download new and updated resource material from your ZIP folder access.

• NEW! COLLECTION$

  • We're pleased to deploy this new page addressing collections.  Aside from the FDCPA, collections, foreclosures and liens rely on state-statute specifics, so much of this content focuses on Washington.
  • Does your CIC have a collection policy?
    • EXAMPLE Collection Policy & Notice of Delinquency

• NEW! WASHINGTON STATE CIC DATABASE

  • This searchable database has been scrubbed to deliver what we believe is the best set of common interest community data for Washington State.
    • PAGE 1: Search by association name - AND / OR - registered agent
    • PAGE 2: View the property count for multiple management firms

• CIC State Statute Database Project

  • We need YOUR help to create a comprehensive CIC state statute database
  • Please email us if you're interested !