FL S0722

Reduces the timeframe for condominium, cooperative, and homeowners associations to issue estoppel certificates from 15 days to 10 business days after receiving a written or electronic request

Requires estoppel certificates to contain specific information including date of issuance, itemized assessments and moneys owed, scheduled future amounts due, any preparation fees, and an officer or agent signature

Establishes that estoppel certificates delivered on date of issuance have a 30-day effective period, while those sent by U.S. mail have a 35-day effective period

Provides that associations waive the right to collect any moneys exceeding the amounts specified in the estoppel certificate from persons who rely on it in good faith, including their successors and assigns

Prohibits associations from charging a fee if the estoppel certificate is issued more than 10 business days after the request; fees for certificates related to sales or refinancing must be paid from closing proceeds only