0:3<\/p>\n
THIRD LAGUN<\/p>\n
\uc5d0\uc774<\/p>\n
u<\/p>\n
\ud2f0<\/p>\n
\uc720<\/p>\n
A HILLS<\/p>\n
\uc5d8<\/p>\n
Financial Qualifications Policy<\/p>\n
Resolution 03-25-185<\/p>\n
Adopted December 16, 2025<\/p>\n
The governing documents of Third Laguna Hills Mutual (\u201cMutual\u201d) require each person seeking to acquire<\/p>\n
an ownership interest in a unit (\u201cApplicant\u201d) to obtain the PRIOR written approval of the Mutual’s Board of<\/p>\n
Directors (\u201cBoard\u201d) before doing so. As a condition to obtaining such approval, each Applicant must<\/p>\n
provide to the Board documentation that conclusively establishes that Applicant satisfies certain financial<\/p>\n
requirements as set forth in the Mutual’s governing documents (\u201cApplication\u201d). For the purposes of<\/p>\n
determining whether an Application will be approved or denied, the Board has adopted this Financial<\/p>\n
Qualifications Policy (\u201cPolicy\u201d), which shall remain in effect until such time as this Policy may be changed,<\/p>\n
modified, or amended by a duly adopted Board resolution.<\/p>\n
|<\/p>\n
General Application Requirements.<\/p>\n
\uc5d0\uc774<\/p>\n
As a condition of approval, Applicant(s) must submit to the Mutual an Application with<\/p>\n
all of the following documentation provided in a form satisfactory to the<\/p>\n
Board:<\/p>\n
1<\/p>\n
A federal income tax return for the most recent year that is signed, dated, and<\/p>\n
includes Schedules A, B and E, as applicable, as well as any other financial<\/p>\n
verification documents requested by the Board. By way of example, but without<\/p>\n
limitation, other verification documents may be required if any Applicant derives<\/p>\n
income from a business owned by the Applicant (personally or through a legal<\/p>\n
entity), in which case the applicable business tax schedule and profit and loss<\/p>\n
statement may also be required.<\/p>\n
Net worth verification pursuant to Section II of this Policy.<\/p>\n
Income verification pursuant to Section Ill of this Policy.<\/p>\n
A completed Financial Statement and Credit Information form.<\/p>\n
Verification of the Applicant’s identity, which must be a natural person, or a<\/p>\n
designated individual acting on behalf of a corporation, LLC or Trust.<\/p>\n
If the Applicant desires to have a Guarantor to enable the Applicant to qualify to<\/p>\n
purchase a unit (as defined below), all documents required pursuant to Section IV of<\/p>\n
this Policy shall also apply to the Guarantor.<\/p>\n
If the Applicant desires to purchase more than one (1) unit or already owns at least<\/p>\n
one (1) unit at the Mutual, all documents required pursuant to Section V of this<\/p>\n
Policy shall be required for each unit application.<\/p>\n
The Board may deny any Application that does not include all of the documentation<\/p>\n
required herein, in a form consistent with this Policy and satisfactory to the Board, except<\/p>\n
as otherwise required by law.<\/p>\n
Any Application (including, without limitation, any document submitted in connection with<\/p>\n
said Application) that contains false or misleading information will be denied. If an<\/p>\n
Application was approved and it is later determined that such Application contained false
\nThird Laguna Hills Mutual Board of Directors<\/p>\n
Financial Qualifications Policy<\/p>\n
December 16, 2025<\/p>\n
Page 2<\/p>\n
or misleading information, and if escrow had not closed by the time such discovery was<\/p>\n
made, the Board may immediately withdraw its approval without the Mutual suffering any<\/p>\n
liability whatsoever. If escrow has already closed at the time the false or misleading<\/p>\n
information is discovered, the Applicant will still be recognized as an owner; however, the<\/p>\n
owner will be considered not in good standing and may be scheduled for a disciplinary<\/p>\n
hearing. After a duly noticed disciplinary hearing before the Board, the Board may impose<\/p>\n
a fine based on the Schedule of Monetary Penalties, suspend member privileges, and\/or<\/p>\n
consider legal action.<\/p>\n
Notwithstanding anything to the contrary contained herein, if more than one (1) Applicant<\/p>\n
will acquire an ownership interest, such Applicants\u2019 income and net worth can be<\/p>\n
calculated collectively.<\/p>\n
II. Net Worth Requirements.<\/p>\n
\uc5d0\uc774<\/p>\n
As a condition of approval, Applicant(s) shall submit satisfactory verification of net worth<\/p>\n
that is greater than or equal to the sum of the purchase price of the unit plus two hundred<\/p>\n
thousand dollars ($200,000) in acceptable assets. NOTE: Applicants owning other<\/p>\n
properties having mortgage obligations shall provide satisfactory evidence of additional<\/p>\n
assets sufficient to offset the total mortgage balance(s).<\/p>\n
When computing net worth for the purposes of this Section, acceptable assets shall be<\/p>\n
limited to those assets that are considered, in the Board’s sole discretion, to be liquid,<\/p>\n
marketable, or income producing. Only aged accounts (180 days) will be considered.<\/p>\n
Examples of acceptable assets include, without limitation, the following:<\/p>\n
1<\/p>\n
Income from real estate.<\/p>\n
2<\/p>\n
Savings accounts in U.S. banks and U.S. credit unions.<\/p>\n
Cash value life insurance.<\/p>\n
Certificates of deposit and money market accounts.<\/p>\n
IRA, SEP, 401(k), Profit Sharing and Keogh accounts.<\/p>\n
Federal, state, or municipal government bonds.<\/p>\n
U.S. traded investments (e.g., NYSE, Amex, OTC, Nasdaq, etc.) valued at current<\/p>\n
market prices.<\/p>\n
Mortgages and promissory notes; provided that the interest in such mortgages or<\/p>\n
promissory notes is reported on the Applicant’s tax return.<\/p>\n
9<\/p>\n
Equity in U.S. residential property may be considered.<\/p>\n
When computing net worth for the purposes of this Section, acceptable assets will not<\/p>\n
include, without limitation, the following:<\/p>\n
1<\/p>\n
Equity<\/p>\n
in<\/p>\n
mobile homes,<\/p>\n
recreational<\/p>\n
vehicles,<\/p>\n
boats,<\/p>\n
trailers, airplanes,<\/p>\n
automobiles, or other vehicles of any kind.<\/p>\n
2<\/p>\n
Vacant or undeveloped real estate.
\nThird Laguna Hills Mutual Board of Directors<\/p>\n
Financial Qualifications Policy<\/p>\n
December 16, 2025<\/p>\n
Page 3<\/p>\n
Artwork, jewelry, or other collectibles (e.g., coins, dolls, stamps, etc.).<\/p>\n
Term life insurance.<\/p>\n
Annuity funds that cannot be withdrawn in lump sum.<\/p>\n
Anticipated bequests, devises or inheritances.<\/p>\n
Mortgages and promissory notes where the interest in such mortgages or promissory<\/p>\n
notes is not reported on the Applicant’s tax return.<\/p>\n
Ill. Income Requirements.<\/p>\n
\uc5d0\uc774<\/p>\n
As a condition of approval, Applicant(s) shall submit satisfactory verification of annual<\/p>\n
income that is greater than or equal to the sum of the total of the unit’s annual mortgage<\/p>\n
payment plus sixty thousand dollars ($60,000) per year.<\/p>\n
Prospective members shall submit from a nationally recognized credit reporting agency<\/p>\n
(e.g., Equifax, TransUnion, Experian) a full credit report if FICO score is less than 700 or<\/p>\n
FICO score is 700 or higher with an outside mortgage. Submit a credit summary report if<\/p>\n
FICO score is 700 or higher without an outside mortgage. These reports must be dated<\/p>\n
within 60 days prior to the application submittal.<\/p>\n
Traditional retirement account assets (e.g., 401K, ERISA, IRA, Profit Sharing, etc.) will be<\/p>\n
considered as a source of annual income in accordance with this subsection. For the<\/p>\n
purposes of the income verification requirement pursuant to subsection (a) above, the<\/p>\n
portion of an Applicant’s traditional retirement account assets attributable to said<\/p>\n
Applicant’s annual income shall be deemed to be the greater of the following:<\/p>\n
1<\/p>\n
The mandatory annual distributions for the Applicant’s retirement accounts; or<\/p>\n
2<\/p>\n
The total amount of the Applicant’s retirement accounts multiplied by eighty<\/p>\n
percent (80%), and then dividing this product by twenty-five (25) years, as follows:<\/p>\n
Attributable Income = (Total Retirement Account Assets x 80%) + 25<\/p>\n
Examples of acceptable income verifications include, without limitation, the following:<\/p>\n
1<\/p>\n
Federal tax returns from the most recent year.<\/p>\n
2<\/p>\n
W-2 forms or paycheck stubs.<\/p>\n
Bank, credit union, or investment account statements.<\/p>\n
Letters from bankers with verifiable first-hand knowledge of the Applicant’s<\/p>\n
finances.<\/p>\n
Notices of annuities and social security payments.<\/p>\n
Credit report.<\/p>\n
Examples of unacceptable income verifications include, without limitation, the following:
\nThird Laguna Hills Mutual Board of Directors<\/p>\n
Financial Qualifications Policy<\/p>\n
December 16, 2025<\/p>\n
Page 4<\/p>\n
1<\/p>\n
Letters from employers, accountants, enrolled agents, investment counselors, or<\/p>\n
attorneys.<\/p>\n
2<\/p>\n
Any income not reported on federal income tax returns.<\/p>\n
IV. Guarantors.<\/p>\n
\uc5d0\uc774<\/p>\n
In the event any Applicant is unable to satisfy the financial requirements set forth in the<\/p>\n
Mutual’s governing documents (including, without limitation, this Policy), the Board may<\/p>\n
permit said Applicant to have a financial guarantor in accordance with this Section IV<\/p>\n
(\u201cGuarantor\u201d), so long as the Guarantor is not one of the persons seeking to reside in the<\/p>\n
unit.<\/p>\n
Each Applicant supported by a Guarantor shall submit satisfactory verification of a net<\/p>\n
worth of at least two hundred thousand dollars ($200,000) in acceptable assets,<\/p>\n
notwithstanding the requirements of Section Il and Section Ill of this Policy.<\/p>\n
Each Guarantor shall enter into an agreement with the Mutual to become financially<\/p>\n
responsible, jointly and severally, for all expenses associated with the Applicant’s<\/p>\n
ownership, residency and\/or membership at the Mutual (\u201cAssessment\/Charges<\/p>\n
Guarantor Obligation Form\u201d). A Assessment\/Charges Guarantor Obligation Form is<\/p>\n
attached hereto as Exhibit \u201cA\u201d and incorporated in its entirety herein by this reference as<\/p>\n
if fully set forth in this Policy.<\/p>\n
Each Guarantor shall submit all of the following documentation in a form satisfactory to<\/p>\n
the Board:<\/p>\n
1<\/p>\n
A fully executed and completed Assessment\/Charges Guarantor Obligation Form<\/p>\n
2<\/p>\n
Proof that the Guarantor\u2019s primary residence is located in California, USA.<\/p>\n
Verification of net worth equal to the sum of the purchase price of the unit plus three<\/p>\n
hundred forty thousand dollars ($340,000) in acceptable assets.<\/p>\n
Verification that the Guarantor\u2019s annual income is greater than or equal to the sum<\/p>\n
of the total of the unit’s annual mortgage payment plus one hundred eighty-two<\/p>\n
thousand dollars ($182,000) per year.<\/p>\n
A credit report. Summaries are acceptable when there is no outside mortgage and<\/p>\n
FICO score is 700 or higher.<\/p>\n
The Board may withhold its approval of any Guarantor for, without limitation, any of the<\/p>\n
following reasons:<\/p>\n
1<\/p>\n
A Guarantor or Applicant fails to provide all of the documentation as required by<\/p>\n
subsection (d), above, in a form consistent with this Policy and satisfactory to the<\/p>\n
Board.<\/p>\n
A Guarantor is subject to a bankruptcy proceeding that is pending or has not been<\/p>\n
discharged.<\/p>\n
Any foreclosure or short sale of any property owned by the Guarantor.
\nThird Laguna Hills Mutual Board of Directors<\/p>\n
Financial Qualifications Policy<\/p>\n
December 16, 2025<\/p>\n
Page 5<\/p>\n
Any outstanding balances, collection accounts, or judgments owed by the<\/p>\n
Guarantor.<\/p>\n
A Guarantor\u2019s credit score is lower than 700.<\/p>\n
A Guarantor seeks to reside in the unit.<\/p>\n
A Guarantor resides in a primary residence outside of the State of California.<\/p>\n
A Guarantor\u2019s bank is located outside of the State of California.<\/p>\n
9<\/p>\n
A Guarantor already guarantees another unit within Laguna Woods Village.<\/p>\n
10.<\/p>\n
A Guarantor provides any false or misleading information to the Board.<\/p>\n
11.<\/p>\n
Any other reasonable grounds that call into question a Guarantor\u2019s financial ability or<\/p>\n
fitness to serve in this capacity on an Applicant’s behalf.<\/p>\n
Each Guarantor\u2019s assurances shall only apply to the Applicant(s) and unit expressly<\/p>\n
identified on the Assessment\/Charges Guarantor Obligation Form. No Guarantor\u2019’s<\/p>\n
assurances may be transferred to any other Applicant or unit.<\/p>\n
V. Multiple Units. As a condition of approval, any Applicant who desires to purchase more than one<\/p>\n
(1) unit or already owns at least one (1) unit at Third Laguna Hills Mutual, Laguna Woods Mutual<\/p>\n
No. Fifty or United Laguna Woods Mutual shall submit satisfactory verification of annual income<\/p>\n
and net worth requirements pursuant to this Section V.<\/p>\n
\uc5d0\uc774<\/p>\n
Net Worth Requirements. The Applicant shall submit satisfactory verification of net<\/p>\n
worth that is greater than or equal to the sum of the purchase price for each unit plus two<\/p>\n
hundred thousand dollars ($200,000) in acceptable assets per unit, as follows:<\/p>\n
Unit 1: purchase price for Unit 1 + $200,000<\/p>\n
Unit 2: purchase price for Unit 1 + $200,000 +<\/p>\n
purchase price for Unit 2 + $200,000<\/p>\n
Unit 3: purchase price for Unit 1 + $200,000 +<\/p>\n
purchase price for Unit 2 + $200,000 +<\/p>\n
purchase price for Unit 3 + $200,000<\/p>\n
Income Requirements. The Applicant shall submit satisfactory verification of annual<\/p>\n
income as follows:<\/p>\n
Annual income must be at least equal to the combined total of all units\u2019 annual mortgage<\/p>\n
payments, plus $60,000 per unit, and an additional $30,000 for each unit beyond the first<\/p>\n
and will continue in the same pattern for any additional units. For example:<\/p>\n
Unit 1: annual mortgage payment + $60,000<\/p>\n
Unit 2: annual mortgage payment on Unit 1 + $60,000 +<\/p>\n
annual mortgage payment on Unit 2 + $60,000 + $30,000<\/p>\n
Total annual income for purchasing a second unit = $150,000
\nThird Laguna Hills Mutual Board of Directors<\/p>\n
Financial Qualifications Policy<\/p>\n
December 16, 2025<\/p>\n
Page 6<\/p>\n
Unit 3: annual mortgage payment on Unit 1 + $60,000 +<\/p>\n
annual mortgage payment on Unit 2 + $60,000 + $30,000<\/p>\n
annual mortgage payment on Unit 3 + $60,000 + $30,000 + $30,000<\/p>\n
Total annual income for purchasing a third unit = $270,000
\nThird Laguna Hills Mutual Board of Directors<\/p>\n
Financial Qualifications Policy<\/p>\n
December 16, 2025<\/p>\n
Page 7<\/p>\n
EXHIBIT \u201cA\u201d<\/p>\n
THIRD LAGUNA HILLS MUTUAL<\/p>\n
A California Non-Profit Mutual Benefit Corporation<\/p>\n
(the \u201cMutual\u201d)<\/p>\n
ASSESSMENT\/CHARGES GUARANTOR OBLIGATION FORM<\/p>\n
A. The Parties<\/p>\n
Owner(s):<\/p>\n
(collectively, the<\/p>\n
\u201cOwner\u201d) Property Address:<\/p>\n
(the \u201cProperty\u201d)<\/p>\n
Guarantor:<\/p>\n
(\u201cGuarantor\u201d)<\/p>\n
B. Guarantee Payment. Guarantor hereby guarantees unconditionally to the Mutual and the Mutual’s<\/p>\n
agents as follows:<\/p>\n
a. Guarantor guarantees unconditionally to be jointly and severally responsible for\/liable for all<\/p>\n
Charges related and charged to the Owner’s assessment account.<\/p>\n
Guarantor guarantees unconditionally to promptly pay for all HOA assessments, regular or<\/p>\n
special, compliance assessments, reimbursable assessments, chargeable services etc., late<\/p>\n
charges, interest, costs, trustee fees, attorney fees, or any other amount charged by the<\/p>\n
Mutual to the HOA assessment account for the Property, including fines, after a noticed<\/p>\n
hearing before the Board, reimbursement assessments, special assessments, chargeable<\/p>\n
services etc. (collectively, the \u201cCharges\u201d.)<\/p>\n
C. Waiver of Right to Demand Enforcement. Because the Guarantor is jointly and severally liable for<\/p>\n
the Charges, Guarantor guarantees unconditionally to waive any right to require the Mutual or the<\/p>\n
Mutual’s agents to proceed against the Owner for any default occurring under the Governing<\/p>\n
Documents before seeking to enforce this Assessment\/Charges Guarantor Obligation Form.<\/p>\n
Broad Interpretation. This Assessment\/Charges Guarantor Obligation Form shall be construed as<\/p>\n
a general, absolute, and unconditional Guaranty of payment and shall continue in perpetuity and<\/p>\n
said guarantees shall apply to all amounts charged by the Mutual to the Owner’s account during the<\/p>\n
time which the Owner is a title\/record owner of the Property. If any of the provisions of this<\/p>\n
Assessment\/Charges Guarantor Obligation Form shall be determined to be invalid or unenforceable<\/p>\n
under applicable law, such provision shall, insofar as possible, be construed or applied in such<\/p>\n
manner as will permit enforcement.<\/p>\n
E. Enforcement.<\/p>\n
The Mutual may enforce this Assessment\/Charges Guarantor Obligation Form without<\/p>\n
being obligated to resort first to any security or any other remedy against the Owner, and<\/p>\n
Guarantor hereby waives any notice of default and\/or any right to cure same and there<\/p>\n
shall be no presentment or dishonor hereunder.<\/p>\n
b. This Assessment\/Charges Guarantor Obligation Form is general and shall inure to, and<\/p>\n
may be relied upon and enforced by, any successor or assign of the Mutual.
\nThird Laguna Hills Mutual Board of Directors<\/p>\n
Financial Qualifications Policy<\/p>\n
December 16, 2025<\/p>\n
Page 8<\/p>\n
c. This Assessment\/Charges Guarantor Obligation Form shall be governed by the laws of the<\/p>\n
State of California and the parties specifically agree that any legal action brought under this<\/p>\n
Assessment\/Charges Guarantor Obligation Form or any underlying lease shall be brought<\/p>\n
only in Orange County, California, which Court is agreed to have jurisdiction over the parties<\/p>\n
The Parties waive the right to a jury trial in any such legal action.<\/p>\n
If the Guarantor breaches this Assessment\/Charges Guarantor Obligation Form, the Mutual<\/p>\n
shall be entitled to a full award of attorney fees, costs and expenses relative to any<\/p>\n
enforcement efforts taken, including any litigation pursued to enforce this<\/p>\n
Assessment\/Charges Guarantor Obligation Form. Guarantor agrees to pay the Mutual’s<\/p>\n
actual attorney fees, costs, and expenses in the enforcement of the Governing Documents<\/p>\n
and this Assessment\/Charges Guarantor Obligation Form, whether before the<\/p>\n
lawsuit\/proceeding is filed, after the lawsuit\/proceeding is filed, or in any and all trial and<\/p>\n
appellate tribunals, whether suit be brought or not, if, after default, counsel shall be<\/p>\n
employed by the Mutual.<\/p>\n
All amounts due to the Mutual hereunder shall bear interest at the highest rate allowed by<\/p>\n
law from the date of default.<\/p>\n
F. Modification. Alteration, Modification or Revocation of this Assessment\/Charges Guarantor<\/p>\n
Obligation Form is not permitted unless otherwise agreed to and signed by the Parties in writing.<\/p>\n
G<\/p>\n
No Strict Performance Required. Failure of the Mutual to insist upon strict performance or<\/p>\n
observance of any of the terms of the Governing Documents or to exercise any right held by the<\/p>\n
Mutual will not diminish the enforceability of this Assessment\/Charges Guarantor Obligation Form.<\/p>\n
Guarantor agrees that the foregoing obligations shall in no way be terminated, affected, or impaired<\/p>\n
by reason of any action which the Mutual may take, or fail to take against the Owner, or by reason of<\/p>\n
any waiver of, or failure to enforce, any of the rights or remedies to the Mutual in the Governing<\/p>\n
Documents and all amendments thereto.<\/p>\n
Binding on Successors. The obligations of Guarantor shall be binding upon Guarantor and<\/p>\n
his\/her\/their successors and assigns.<\/p>\n
Effective Inmediately Upon Signature. Guarantor fully understands this Assessment\/Charges<\/p>\n
Guarantor Obligation Form is neither a reference, credit check, nor application, that the Mutual has<\/p>\n
relied on Guarantor\u2019s representations and warranties contained herein and it is fully effective upon<\/p>\n
Guarantor’s signature.
\nThird Laguna Hills Mutual Board of Directors<\/p>\n
Financial Qualifications Policy<\/p>\n
December 16, 2025<\/p>\n
Page 9<\/p>\n
IN WITNESS WHEREOF, this Assessment\/Charges Guarantor Obligation Form is executed this day<\/p>\n
~\uc758<\/p>\n
, 20<\/p>\n
By:<\/p>\n
Dated:<\/p>\n
Print Name:<\/p>\n
Address:<\/p>\n
Phone Number:<\/p>\n
E-Mail:<\/p>\n
ACKNOWLEDGMENT<\/p>\n
A notary public or other officer completing this certificate verifies only the identity of the individual who signed<\/p>\n
the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that<\/p>\n
\ubb38\uc11c.<\/p>\n
STATE OF CALIFORNIA<\/p>\n
) ss<\/p>\n
COUNTY OF<\/p>\n
)<\/p>\n
~\uc5d0<\/p>\n
, before me,<\/p>\n
, a Notary Public in and for<\/p>\n
the State of California, personally appeared<\/p>\n
, who proved to me on the basis<\/p>\n
of satisfactory evidence to be the person(s) whose name(s) is\/are subscribed to the within instrument<\/p>\n
and acknowledged to me that he\/she\/they executed the same in his\/her\/their authorized capacity(ies),<\/p>\n
and that by his\/her\/their signature(s) on the instrument the person(s), or the entity upon behalf of which<\/p>\n
the person(s) acted, executed the instrument.<\/p>\n
| certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing<\/p>\n
paragraph is true and correct.<\/p>\n
WITNESS my hand and official seal.
\nThird Laguna Hills Mutual Board of Directors<\/p>\n
Financial Qualifications Policy<\/p>\n
December 16, 2025<\/p>\n
Page 10<\/p>\n
\uc11c\ub4dc \ub77c\uad6c\ub098 \ud790\uc2a4<\/p>\n
\u2014M<\/p>\n
u oT<\/p>\n
J<\/p>\n
RESOLUTION 03-25-185<\/p>\n
Financial Qualifications Policy<\/p>\n
WHEREAS, Third Laguna Hills Mutual desires to protect and preserve the financial integrity<\/p>\n
of the Corporation and ensure consistency among the provisions of its governing<\/p>\n
documents; and<\/p>\n
WHEREAS, it is in the best interest of the Corporation to revise the Financial Qualifications<\/p>\n
Policy for the purpose of enhancing efficiency and addressing key challenges by clarifying<\/p>\n
the following:<\/p>\n
The member discipline process for providing false or misleading information.<\/p>\n
The requirement of providing aged accounts (180 days) when submitting net worth<\/p>\n
verification.<\/p>\n
Equity in U.S. residential property may be considered as an acceptable asset.<\/p>\n
Applicants do not need to show proof of California residency.<\/p>\n
Guarantors can only guarantee one unit at a time in the community.<\/p>\n
Income requirement calculations for multi-unit purchases.<\/p>\n
NOW THEREFORE BE IT RESOLVED, December 16, 2025, the Board of Directors of this<\/p>\n
Corporation hereby amends the Financial Qualifications Policy as attached to the official<\/p>\n
minutes of this meeting; and<\/p>\n
RESOLVED FURTHER, that said amendments shall become effective January 1, 2026, and<\/p>\n
shall be disseminated to the real estate community; and<\/p>\n
RESOLVED FURTHER, that Resolution 03-25-70, adopted April 15, 2025, is hereby<\/p>\n
superseded and canceled; and<\/p>\n
RESOLVED FURTHER, that the officers and agents of this Corporation are hereby<\/p>\n
authorized on behalf of this corporation to carry out the purpose of this resolution.<\/p>","protected":false},"author":2,"featured_media":0,"template":"","document_category":[1656,1077],"document_type":[53],"class_list":["post-48637","document","type-document","status-publish","hentry","document_category-policies-and-procedures-operating-rules-third","document_category-sales-third","document_type-other"],"acf":{"document":79606,"resolutions":null,"legacy_id":"1081","pdf_extracted_text":""},"yoast_head":"\n