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FL S0286
Bill
Status
Passed
6/16/2023
Primary Sponsor
Banking and Insurance
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AI Summary
- Defines "witness" in the context of online notarizations as an individual whose electronic signature attests to a principal's signature on an electronic record, applied retroactively to January 1, 2020
- Defines "mortgagee" and "mortgagor" for assignment of rents provisions and requires that a lien created by an assignment of rents be perfected against the mortgagor in addition to third parties upon recordation
- Expands allowable expenses payable from collected rents during foreclosure to include homeowners' association assessments and assessments to corporations regulated under chapters 718 (condominiums) and 719 (cooperatives)
- Broadens the finality of foreclosure judgment protections (s. 702.036) to cover foreclosures of other liens beyond mortgages, and requires courts to award reasonable attorney fees to the prevailing party when a claim involves a lien alleged to be superior to the foreclosed mortgage or lien
- Exempts homeowners' associations and condominium/cooperative corporations from assignment-of-rents and show-cause payment requirements when they acquire title through lien foreclosure or collect rents from tenants under specified statutory authority
Legislative Description
Legal Instruments
Last Action
Chapter No. 2023-215
6/16/2023
Committee Referrals
Rules2/21/2023
Judiciary2/9/2023
Full Bill Text
No bill text available