Bill Summary By
Milena Macias, Esq. CCFJ Director for Legislative Affairs Milena Macias, Esq. ANALYSIS OF BILL SB 826/HB 431
Fines Levied by Homeowners’ Associations (Senator
Victor Torres)
We cannot support this bill as it stands. It is commendable that this bill amends s. 720.305, F.S.; to prohibit fines imposed by homeowners' associations from exceeding $500 in the aggregate. However, the following sentence in the bill is the issue -- currently to place a lien on an owner’s parcel is $1,000.00. This bill would allow a lien to be placed on a parcel as soon as it exceeds $500.00. This could be a clerical mistake. EFFECTIVE JULY 1, 2024 |
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