HB 115 as drafted and entered on September 15th will require DBPR to enter order permanently revoking license of community association manager under certain circumstances; revises various provisions relating to specified community associations, including disputes, powers, duties, officers, meetings, notices, governance, foreclosure, liens, contracts, etc.; provides for publication, updating, & availability of “Florida Condominium Handbook”; creates “Distressed Condominium Relief Act” to provide regulatory provisions relating to bulk assignees & bulk buyers; repeals existing provision for dispute resolution in homeowners’ associations; creates “Home Court Advantage Dispute Resolution Act” to provide regulatory provisions for mediation & arbitration of disputes in homeowners’ associations.
If and when this bill passes and is signed into law, would become effective on July 1, 2010. We will keep you apprised of further details and amendments to this bill.
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