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FL H0611

Bill

Status

Introduced

2/5/2015

Primary Sponsor

Judiciary Committee

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Origin

House of Representatives

2015 Regular Session

AI Summary

  • Extends the timeframe for associations to issue estoppel certificates from 10 business days to 15 days after receiving a written or electronic request for condominiums, cooperatives, and homeowners associations.

  • Requires estoppel certificates to specify the issuance date, amounts owed, scheduled future assessments, any preparation fees, and an officer's signature, with different effective periods based on delivery method (30 days if delivered on issuance date, 35 days if mailed).

  • Establishes maximum fee limits for estoppel certificates: $250 when no delinquent amounts are owed, plus up to $100 additional fee for expedited delivery within 3 business days, and up to $100 additional fee when delinquent amounts are owed; prohibits fees if certificate is issued more than 10 business days after request.

  • Allows associations to waive claims for amounts exceeding those stated in the certificate from good-faith reliers and their successors, and authorizes summary proceedings to compel certificate issuance with attorney's fees for prevailing parties.

  • Requires fee authority to be established by written board resolution or management contract, with refund provisions if requested sales or refinancings do not close within 60 days; effective July 1, 2015.

Legislative Description

Residential Properties

Last Action

Died on Calendar

4/28/2015

Committee Referrals

Judiciary3/30/2015
Business and Professions Subcommittee3/9/2015
Civil Justice Subcommittee2/11/2015

Full Bill Text

No bill text available