summary
Introduced
11/29/2023
11/29/2023
In Committee
03/04/2024
03/04/2024
Crossed Over
03/07/2024
03/07/2024
Passed
Dead
03/08/2024
03/08/2024
Introduced Session
2024 Regular Session
Bill Summary
An act relating to estoppel certificates; amending s. 468.4334, F.S.; prohibiting agreements that indemnify a community association manager or community association management firm for errors or omissions relating to the provision or preparation of an estoppel certificate; amending s. 468.436, F.S.; revising acts that constitute grounds for which certain disciplinary actions may be taken to include specified actions relating to estoppel certificates; making technical changes; amending ss. 718.116, 719.108, and 720.30851, F.S.; revising the time in which a community association must provide an estoppel certificate to a requestor; specifying the maximum charges for an estoppel certificate to a specified amount; requiring a community association to annually establish the authority to charge a fee for an estoppel certificate; limiting fees or charges for an estoppel certificate to those specified by law; deleting provisions providing for the adjustment of fees for an estoppel certificate based on changes in an inflation index; providing that the fee for the preparation and delivery of an estoppel certificate be paid from closing or settlement proceeds in certain circumstances; providing an effective date.
AI Summary
This bill amends laws related to estoppel certificates issued by community associations in Florida. It prohibits associations from indemnifying community association managers for errors or omissions in providing estoppel certificates, and it establishes grounds for disciplinary action against managers who charge unauthorized fees or fail to timely provide accurate estoppel certificates. The bill also reduces the time for associations to provide estoppel certificates from 10 to 5 business days, caps the fees that can be charged for estoppel certificates, and requires associations to annually establish their authority to charge such fees. Additionally, the bill specifies that estoppel certificate fees must be paid from the closing or settlement proceeds if the certificate is requested in conjunction with a unit sale or refinancing.
Committee Categories
Budget and Finance
Sponsors (1)
Other Sponsors (1)
Fiscal Policy (Senate)
Last Action
Died in returning Messages (on 03/08/2024)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.flsenate.gov/Session/Bill/2024/278 |
| Analysis - | https://www.flsenate.gov/Session/Bill/2024/278/Analyses/2024s00278.hms.ju.PDF |
| BillText | https://www.flsenate.gov/Session/Bill/2024/278/BillText/e1/HTML |
| https://www.flsenate.gov/Session/Bill/2024/278/Amendment/500158/HTML | |
| BillText | https://www.flsenate.gov/Session/Bill/2024/278/BillText/c1/HTML |
| Analysis - Fiscal Policy (Post-Meeting) | https://www.flsenate.gov/Session/Bill/2024/278/Analyses/2024s00278.fp.PDF |
| https://www.flsenate.gov/Session/Bill/2024/278/Amendment/951562/HTML | |
| Analysis - Fiscal Policy (Pre-Meeting) | https://www.flsenate.gov/Session/Bill/2024/278/Analyses/2024s00278.pre.fp.PDF |
| Analysis - Judiciary (Post-Meeting) | https://www.flsenate.gov/Session/Bill/2024/278/Analyses/2024s00278.ju.PDF |
| Analysis - Judiciary (Pre-Meeting) | https://www.flsenate.gov/Session/Bill/2024/278/Analyses/2024s00278.pre.ju.PDF |
| BillText | https://www.flsenate.gov/Session/Bill/2024/278/BillText/Filed/HTML |
Loading...