Updating condo lien florida
Adds 718.128 – Electronic voting for all purposes, including election of directors – through on-line internet-based voting system if unit owner consents in writing, and other conditions are met.
Electronic voting counts toward quorum Matching provisions: 719.106; 719.129 720.303; 720.317 718.116 718.303 – clarify that fine is levied by Board of Directors; clarify that monetary obligation includes fee, fine or any other obligation; clarify that suspended votes are deducted from total for any approval vote.
Service Animals; Requires public accommodation to permit use of service animal by individual with disability; provides conditions for public accommodation to exclude or remove service animal; revises penalties for certain persons or entities who interfere with use of service animal; provides penalty for knowing & willful misrepresentation with respect to use or training of service animal.
Effective Date: 7/1/2015 This legislation only applies to the Americans With Disabilities Act and public accommodations, and will not apply to most Associations. S.; revising the definition of the term “completion of a building or improvement”; amending s. S.; providing additional requirements for a notice of claim; revising requirements for a response; revising provisions relating to production of certain records; amending ss. S.; conforming provisions to changes made by the act.
(See Legal Briefs below.) The Federal Housing Finance Agency (FHFA), which oversees Fannie Mae and Freddie Mac, responded by asserting that federal law prohibits the secondary market giants from taking a secondary position on loans they purchase, and vowing to challenge foreclosures that would threaten their priority position.
The agency has also filed an amicus brief in an appeal of the Nevada decision upholding the priority lien and is lobbying actively in support of legislation repealing Nevada’s priority lien statute.
According to this article, Black Knight Financial Services, Core Logic and LRES are among the vendors that have “flooded the market” with products purporting to identify properties that are subject to condo super-liens and monitor the records to spot active liens in those properties.
Some of the vendors also offer to negotiate with condo associations to resolve lien disputes; others are offering to create escrow services for HOA dues.