---
title: Condo association did not disclose $300K loan to new owner
description: I recently moved into a condo association which did not disclose in any fashion on its financials a loan of over $300,000.
---

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# Condo association did not disclose $300K loan to new owner

| [Condo Association Loans](https://www.condoassociation.com/blog/topic/condo-association-loans) |  

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## What do you think? Question:

I recently moved into a condo association which did not disclose on its financials a loan of over $300,000. We are not a large association and it was frightening to discover that I was responsible for this 10 year debt payment. On top of that the monthly dues were increased for the year and this was also not disclosed to me. I was wondering if anyone could comment on whether or not this is fraudulent on the part of the management company we are paying money to for financials, etc. I am shocked they can get away with this. Should I call a state agency ?

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## What do you think? Answers (13)

#### What are your thoughts on this topic?

***Comments and postings are not legal advice**, but are the opinions of our readers. This forum and its contents are being monitored. Please be respectful of each other. *  
  

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