FL S1066

Changes liability calculation for first mortgagees acquiring title through foreclosure from the "lesser" to the "greater" of 12 months of unpaid assessments or 1% of original mortgage debt in condominium properties (s. 718.116) and homeowner association properties (s. 720.3085)

First mortgagees become liable for all assessments and related costs and fees accruing from the date of the foreclosure judgment or deed in lieu of foreclosure through title transfer to a purchaser

Liability limitations only apply if the first mortgagee joined the association as a defendant in the foreclosure action, with exceptions if the association was dissolved or had no discoverable office or agent for service of process

Changes terminology references from plural "assignees" to singular "assignee" and updates the time reference from "acquisition of title" to "judgment of foreclosure or deed in lieu of foreclosure"

Effective date: July 1, 2015