SB 348  --  HB  671     
Relating to Condo & Homeowners' Associations

S348    GENERAL BILL by Senator Mandy Dawson

(HB 671 -- Representative Charles Chestnut)
Condo & Homeowners' Associations; prohibits such associations from requiring prospective purchaser of certain properties to make monetary deposit or show evidence of financial status.

EFFECTIVE DATE: 07/01/2007.
12/15/06 SENATE Filed

By Senator Dawson 29-325A-07

 

1 A bill to be entitled

2 An act relating to condominium and homeowners'

3 associations; prohibiting such associations

4 from requiring a prospective purchaser of

5 certain properties to make a monetary deposit

6 or show evidence of financial status; providing

7 an effective date.

8

9 Be It Enacted by the Legislature of the State of Florida

10

11 Section 1. Notwithstanding any agreement or other

12 document to the contrary, a condominium or homeowners'

13 association may not require a prospective buyer of a property

14 represented by the association to make a monetary deposit or

15 present evidence of any financial status to the association if

16 such prospective buyer has been approved by a lending

17 institution to obtain the financing that is necessary to

18 purchase the property.

19 Section 2. This act shall take effect July 1, 2007.

20

21 *****************************************

22 SENATE SUMMARY

23 Prohibits a condominium or homeowners' association from establishing monetary deposit requirements for

24 prospective purchasers of properties governed by such association.

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CODING: Words stricken are deleted; words underlined are additions

   

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