In times of financial crises, boards turn to annual assessment increases, special assessments, and bank loans. However, each one of these options must be exercised in a manner consistent with the governing documents and law. Furthermore, associations must be careful to avoid hidden pitfalls with these processes that oftentimes are not noticed until it’s too late. The purpose of this session is to discuss assessment increases, special assessments, and bank loans by associations and identify the process to be followed by associations when entertaining one of these options. We will also identify red flags that may appear during each of these processes.