FL H1237

Prohibits officers, directors, and managers from soliciting or accepting kickbacks for personal benefit; creates criminal penalties and mandatory removal from office for those charged with certain crimes related to embezzlement, forgery, or destruction of association records.

Requires condominium associations with 150+ units to maintain websites posting governing documents, financial reports, meeting notices, and agendas; gives renters inspection rights to bylaws and rules.

Establishes board member term limits (maximum four consecutive 2-year terms) for residential condominiums and reduces time for recalled members to return association records from 10 to 5 business days.

Prohibits associations from using debit cards issued in the association's name and bars board members, managers, and management companies from purchasing units at foreclosure sales (except timeshare condominiums); creates new conflict of interest disclosure requirements.

Amends arbitration procedures by making division employment of arbitrators permissive rather than mandatory and establishes financial reporting requirements based on association revenue levels.