FL S1462

Excludes associations from being considered "previous owners" when they foreclose on delinquent properties, limiting new owners' liability for pre-foreclosure assessments to those accrued before the association acquired title.

Extends the lookback period for first mortgagee liability from 12 months to 24 months preceding acquisition of title and increases the mortgage debt cap from 1 percent to 2 percent.

Caps attorney fees liability for first mortgagees acquiring property through foreclosure or deed in lieu at $4,000, unless a court finds exceptional circumstances warranting a greater award.

Applies the same assessment liability provisions to homeowners' associations under s. 720.3085 as those established for condominiums under s. 718.116.

Takes effect July 1, 2014.