Homeowners’ Associations; Revising the uses of the Florida Condominiums, Timeshares, and Mobile Homes Trust Fund to include reimbursement of costs to the Division of Florida Condominiums, Timeshares, and Mobile Homes for the administration and operation of the Homeowners’ Association Act; providing a cause of action for a member against a community association manager or management firm under certain circumstances; revising circumstances under which members other than the developer are entitled to elect at least a majority of the board of directors of the homeowners’ association, etc.
Last Action: 11/15/2017
Regulated Industries (RI)
SB 1238: Homeowners' Associations
GENERAL BILL by Senator Rene Garcia
Homeowners’ Associations; Prohibiting an association from hiring an attorney who represents the management company of the association; requiring an association to provide members with a copy of the most recent annual financial report or a written notice detailing how to obtain such report; prohibiting an officer, director, or manager from soliciting, offering to accept, or accepting a kickback for which consideration has not been provided; providing requirements and procedures relating to conflicts of interest, etc.
Effective Date: 7/1/2018
Last Action: 12/11/2017 Senate - Filed