13998087, 61B-24.007 - Florida Administrative Rules, Law, Code, Register

Home

Florida Department of State and Division of Library and Information Services

Notice: 13998087

Notice of Development of Rulemaking

Department:

DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION

Division:

Division of Florida Condominiums, Timeshares and Mobile Homes

Chapter:

CREATION OF CONDOMINIUM BY CONVERSION

Overview

RULE:

61B-24.007

Converter Reserve Accounts; Warranties; Disclosures

PURPOSE:

Rule 61B-24.007, FAC, requires amendment to address issues relating to the time period for converter reserves which should start at the time the declaration is recorded, not when the first unit is sold.  Further, portions of the rule relating to warranties is deleted as it appears to conflict with section 718.618(6), F.S.

SUBJECT:

This rule amendment addresses condominium converter reserve accounts implied warranties.

RULEMAKING AUTHORITY:

718.501(1)(f), 718.621 FS.

LAW:

718.502(5), 718.503, 718.618 FS.

PRINT PUBLISH DATE:

1/7/2014 Vol. 40/04

RELATED STATUTES
AND LAWS:

718.501(1)(f), 718.621 FS., 718.502(5), 718.503, 718.618 FS.

OVERSIGHT COMMITTEE:

Joint Administrative Procedures Committee
Florida Administrative Law Central Online Network (F.A.L.C.O.N.)

RELATED COURT CASES:

Division of Administrative Hearings

FEDERAL eRULEMAKING
WEB PORTAL:

Regulations.gov

HOW TO LINK TO
THIS NOTICE:

http://flrules.org/gateway/ruleno.asp?id=61B-24.007&PDate=1/7/2014&Section=1

REFERENCE MATERIALS:

No reference(s).

Under Florida law, E-mail addresses are public records. If you do not want your E-mail address released in response to a public records request, do not send electronic mail to this entity. Instead, contact this office by phone or in writing.