Florida Senate - 2017 COMMITTEE AMENDMENT
Bill No. SB 398
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LEGISLATIVE ACTION
Senate . House
Comm: RCS .
02/23/2017 .
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The Committee on Regulated Industries (Passidomo) recommended
the following:
1 Senate Amendment (with title amendment)
2
3 Delete everything after the enacting clause
4 and insert:
5 Section 1. Subsection (8) of section 718.116, Florida
6 Statutes, is amended to read:
7 718.116 Assessments; liability; lien and priority;
8 interest; collection.—
9 (8) Within 10 business 15 days after receiving a written or
10 electronic request therefor from a unit owner or the unit
11 owner’s his or her designee, or a unit mortgagee or the unit
12 mortgagee’s his or her designee, the association shall issue the
13 estoppel provide a certificate. Each association shall designate
14 on its website a person or entity with a street or e-mail
15 address for receipt of a request for an estoppel certificate
16 issued pursuant to this section. The estoppel certificate must
17 be provided by hand delivery, regular mail, or e-mail to the
18 requestor on the date of issuance of the estoppel certificate
19 signed by an officer or agent of the association stating all
20 assessments and other moneys owed to the association by the unit
21 owner with respect to the condominium parcel.
22 (a) The estoppel certificate must contain all of the
23 following information and must be substantially in the following
24 form:
25 1. Date of issuance:....
26 2. Name of the unit owner(s)reflected in the books and
27 records of the association:....
28 3. Unit designation and address:....
29 4. Parking or garage space number, if any:....
30 5. Storage locker number, if any:....
31 6. Attorney’s name and contact information if the account
32 is delinquent and has been turned over to an attorney for
33 collection. No fee may be charged for this information.
34 7. Fee for the preparation and delivery of the estoppel
35 certificate:....
36 8. Name of the requestor:....
37 9. Assessment information and other information:
38
39 ASSESSMENT INFORMATION:
40 a. The regular periodic assessment levied against the unit
41 is $.... per ...(insert frequency of payment)....
42 b. The regular periodic assessment is paid through
43 ...(insert date paid through)....
44 c. The next installment of the regular periodic assessment
45 is due ...(insert due date)... in the amount of $.....
46 d. An itemized list of all assessments, special
47 assessments, and other moneys owed on the date of issuance to
48 the association by the unit owner for a specific unit is
49 provided.
50 e. An itemized list of any additional assessments, special
51 assessments, and other moneys that are scheduled to become due
52 for each day after the date of issuance for the effective period
53 of the estoppel certificate is provided. In calculating the
54 amounts that are scheduled to become due, the association may
55 assume that any delinquent amounts will remain delinquent during
56 the effective period of the estoppel certificate.
57
58 OTHER INFORMATION:
59 f. Is there a capital contribution fee, resale fee,
60 transfer fee, or other fee due? ...(Yes)... ...(No).... If yes,
61 specify the type and the amount of the fee.
62 g. What is the amount, if any, of an association
63 application fee?
64 h. Is there a credit balance on the current account?
65 ...(Yes)... ...(No)....
66 i. Is there any violation of rule or regulation noticed to
67 the unit owner in the association official records? ...(Yes)...
68 ...(No)....
69 j. Do the rules and regulations of the association
70 applicable to the unit require approval by the board of
71 directors of the association for the transfer of the unit?
72 ...(Yes)... ...(No)...If yes, has the board approved the
73 transfer of the unit?...(Yes)...(No)....
74 k. Do rules or regulations applicable to the unit provide
75 for a right of first refusal in favor of the members or
76 association? ...(Yes)... ...(No).... If yes, include applicable
77 rules or regulations.
78 l. Provide a list of utilities provided to the unit which
79 are included in the assessments paid to the association.
80 m. Provide a list of all recreational or land leases to the
81 association affecting the unit.
82 n. Provide a list of, and contact information for, all
83 other associations of which the unit is a member.
84 o. Provide a description of any litigation or
85 administrative proceedings in which the association is a party.
86 p. Provide contact information for all insurance maintained
87 by the association.
88 q. Provide the signature of an officer or authorized agent
89 of the association.
90
91 The association, at its option, may include additional
92 information in the estoppel certificate Any person other than
93 the owner who relies upon such certificate shall be protected
94 thereby.
95 (b) An estoppel certificate that is hand delivered or sent
96 by electronic means has a 30-day effective period. An estoppel
97 certificate that is sent by regular mail has a 35-day effective
98 period. If additional information or a mistake related to the
99 estoppel certificate becomes known to the association within the
100 effective period, an amended estoppel certificate may be
101 delivered and becomes effective if a sale or refinancing of the
102 unit has not been completed during the effective period. A fee
103 may not be charged for an amended estoppel certificate. An
104 amended estoppel certificate must be delivered on the date of
105 issuance, and a new 30-day or 35-day effective period begins on
106 such date.
107 (c) An association waives the right to collect any moneys
108 owed in excess of the amounts specified in the estoppel
109 certificate from any person who in good faith relies upon the
110 estoppel certificate and from the person’s successors and
111 assigns.
112 (d) If an association receives a request for an estoppel
113 certificate from a unit owner or the unit owner’s designee, or a
114 unit mortgagee or the unit mortgagee’s designee, and fails to
115 deliver the estoppel certificate within 10 business days, a fee
116 may not be charged for the preparation and delivery of that
117 estoppel certificate. If the association fails to deliver the
118 estoppel certificate within 15 business days, the association
119 waives any claim, including a claim for a lien against the unit,
120 against a purchaser and mortgagee of the unit who would have
121 relied on the estoppel certificate, and the purchaser’s and
122 mortgagee’s successors and assigns, for any amount that is owed
123 to the association through the date of closing and that should
124 have been shown on the estoppel certificate.
125 (e)(b) A summary proceeding pursuant to s. 51.011 may be
126 brought to compel compliance with this subsection, and in any
127 such action the prevailing party is entitled to recover
128 reasonable attorney attorney’s fees.
129 (f)(c) Notwithstanding any limitation on transfer fees
130 contained in s. 718.112(2)(i), an the association or its
131 authorized agent may charge a reasonable fee for the preparation
132 and delivery of an estoppel certificate, which may not exceed
133 $200 if, on the date the certificate is issued, no delinquent
134 amounts are owed to the association for the applicable unit. If
135 an estoppel certificate is requested on an expedited basis and
136 delivered within 3 business days after the request, the
137 association may charge an additional fee of $100. If a
138 delinquent amount is owed to the association for the applicable
139 unit, an additional fee for the estoppel certificate may not
140 exceed $200 for the preparation of the certificate. The amount
141 of the fee must be included on the certificate.
142 (g)1. If estoppel certificates for multiple units owned by
143 the same owner are simultaneously requested from the same
144 association and there are no past due monetary obligations owed
145 to the association, the statement of moneys due for those units
146 may be delivered in one or more estoppel certificates, and, even
147 though the fee for each unit shall be computed as set forth in
148 paragraph (f), the total fee that the association may charge for
149 the preparation and delivery of the estoppel certificates may
150 not exceed, in the aggregate:
151 a. For 25 or fewer units, $750.
152 b. For 26 to 50 units, $1,000.
153 c. For 51 to 100 units, $1,500.
154 d. For more than 100 units, $2,500.
155 2. If an estoppel certificate is requested in conjunction
156 with the sale or refinancing of a unit, the fee for the
157 preparation and delivery of the estoppel certificate shall be
158 paid to the association from the closing or settlement proceeds.
159 If the closing does not occur, the fee for the preparation and
160 delivery of the estoppel certificate remains the obligation of
161 the unit owner, and the association may collect the fee in the
162 same manner as an assessment against the unit. An association
163 may not require the payment of any other fee as a condition for
164 the preparation or delivery of an estoppel certificate.
165 (h)(d) The authority to charge a fee for the preparation
166 and delivery of the estoppel certificate must shall be
167 established by a written resolution adopted by the board or
168 provided by a written management, bookkeeping, or maintenance
169 contract and is payable upon the preparation of the certificate.
170 If the certificate is requested in conjunction with the sale or
171 mortgage of a unit but the closing does not occur and no later
172 than 30 days after the closing date for which the certificate
173 was sought the preparer receives a written request, accompanied
174 by reasonable documentation, that the sale did not occur from a
175 payor that is not the unit owner, the fee shall be refunded to
176 that payor within 30 days after receipt of the request. The
177 refund is the obligation of the unit owner, and the association
178 may collect it from that owner in the same manner as an
179 assessment as provided in this section.
180 Section 2. Subsection (6) of section 719.108, Florida
181 Statutes, is amended to read:
182 719.108 Rents and assessments; liability; lien and
183 priority; interest; collection; cooperative ownership.—
184 (6) Within 10 business 15 days after receiving a written or
185 electronic request for an estoppel certificate from a unit owner
186 or the unit owner’s designee, or a unit mortgagee or the unit
187 mortgagee’s designee, the association shall issue the estoppel
188 certificate. Each association shall designate on its website a
189 person or entity with a street or e-mail address for receipt of
190 a request for an estoppel certificate issued pursuant to this
191 section. The estoppel certificate must be provided by hand
192 delivery, regular mail, or e-mail to the requestor on the date
193 of issuance of the estoppel certificate.
194 (a) The estoppel certificate must contain all of the
195 following information and must be substantially in the following
196 form:
197 1. Date of issuance:....
198 2. Name of the unit owner(s)reflected in the books and
199 records of the association:....
200 3. Unit designation and address:....
201 4. Parking or garage space number, if any:....
202 5. Storage locker number, if any:....
203 6. Attorney’s name and contact information if the account
204 is delinquent and has been turned over to an attorney for
205 collection. No fee may be charged for this information.
206 7. Fee for the preparation and delivery of the estoppel
207 certificate:....
208 8. Name of the requestor:....
209 9. Assessment information and other information:
210
211 ASSESSMENT INFORMATION:
212 a. The regular periodic assessment levied against the unit
213 is $.... per ...(insert frequency of payment)....
214 b. The regular periodic assessment is paid through
215 ...(insert date paid through)....
216 c. The next installment of the regular periodic assessment
217 is due...(insert due date)... in the amount of $.....
218 d. An itemized list of all assessments, special
219 assessments, and other moneys owed by the unit owner on the date
220 of issuance to the association for a specific unit is provided.
221 e. An itemized list of any additional assessments, special
222 assessments, and other moneys that are scheduled to become due
223 for each day after the date of issuance for the effective period
224 of the estoppel certificate is provided. In calculating the
225 amounts that are scheduled to become due, the association may
226 assume that any delinquent amounts will remain delinquent during
227 the effective period of the estoppel certificate.
228
229 OTHER INFORMATION:
230 f. Is there a capital contribution fee, resale fee,
231 transfer fee, or other fee due? ...(Yes)... ...(No).... If yes,
232 specify the type and amount of the fee.
233 g. What is the amount, if any, of an association
234 application fee?
235 h. Is there a credit balance on the current account?
236 ...(Yes)... ...(No)....
237 i. Is there any violation of rule or regulation noticed to
238 the unit owner in the association official records? ...(Yes)...
239 ...(No)....
240 j. Do the rules and regulations of the association
241 applicable to the unit require approval by the board of
242 directors of the association for the transfer of the unit?
243 ...Yes... ...(No)... If yes, has the board approved the transfer
244 of the unit?...(Yes)...(No).....
245 k. Do rules or regulations applicable to the unit provide
246 for a right of first refusal in favor of the members or
247 association? ...(Yes)... ...(No).... If yes, include applicable
248 rules or regulations.
249 l. Provide a list of utilities provided to the unit which
250 are included in the assessments paid to the association.
251 m. Provide a list of all recreational or land leases to the
252 association affecting the unit.
253 n. Provide a list of, and contact information for, all
254 other associations of which the unit is a member.
255 o. Provide a description of any litigation or
256 administrative proceedings in which the association is a party.
257 p. Provide contact information for all insurance maintained
258 by the association.
259 q. Provide the signature of an officer or authorized agent
260 of the association.
261
262 The association, at its option, may include additional
263 information in the estoppel certificate.
264 (b) An estoppel certificate that is hand delivered or sent
265 by electronic means has a 30-day effective period. An estoppel
266 certificate that is sent by regular mail has a 35-day effective
267 period. If additional information or a mistake related to the
268 estoppel certificate becomes known to the association within the
269 effective period, an amended estoppel certificate may be
270 delivered and becomes effective if a sale or refinancing of the
271 unit has not been completed during the effective period. A fee
272 may not be charged for an amended estoppel certificate. An
273 amended estoppel certificate must be delivered on the date of
274 issuance, and a new 30-day or 35-day effective period begins on
275 such date.
276 (c) An association waives the right to collect any moneys
277 owed in excess of the amounts specified in the estoppel
278 certificate from any person who in good faith relies upon the
279 estoppel certificate and from the person’s successors and
280 assigns.
281 (d) If an association receives a request for an estoppel
282 certificate from a unit owner or the unit owner’s designee, or a
283 unit mortgagee or the unit mortgagee’s designee, and fails to
284 deliver the estoppel certificate within 10 business days, a fee
285 may not be charged for the preparation and delivery of that
286 estoppel certificate. If the association fails to deliver the
287 estoppel certificate within 15 business days, the association
288 waives any claim, including a claim for a lien against the unit,
289 against a purchaser and mortgagee of the unit who would have
290 relied on the estoppel certificate, and the purchaser’s and
291 mortgagee’s successors and assigns, for any amount that is owed
292 to the association through the date of closing and that should
293 have been shown on the estoppel certificate.
294 (e) A summary proceeding pursuant to s. 51.011 may be
295 brought to compel compliance with this subsection, and in any
296 such action the prevailing party is entitled to recover
297 reasonable attorney fees.
298 (f) Notwithstanding any limitation on transfer fees
299 contained in s. 719.106(1)(i), an association or its authorized
300 agent may charge a reasonable fee for the preparation and
301 delivery of an estoppel certificate, which may not exceed $200
302 if, on the date the certificate is issued, no delinquent amounts
303 are owed to the association for the applicable unit. If an
304 estoppel certificate is requested on an expedited basis and
305 delivered within 3 business days after the request, the
306 association may charge an additional fee of $100. If a
307 delinquent amount is owed to the association for the applicable
308 unit, an additional fee for the estoppel certificate may not
309 exceed $200.
310 (g)1. If estoppel certificates for multiple units owned by
311 the same owner are simultaneously requested from the same
312 association and there are no past due monetary obligations owed
313 to the association, the statement of moneys due for those units
314 may be delivered in one or more estoppel certificates, and, even
315 though the fee for each unit shall be computed as set forth in
316 paragraph (f), the total fee that the association may charge for
317 the preparation and delivery of the estoppel certificates may
318 not exceed, in the aggregate:
319 a. For 25 or fewer units, $750.
320 b. For 26 to 50 units, $1,000.
321 c. For 51 to 100 units, $1,500.
322 d. For more than 100 units, $2,500.
323 2. If an estoppel certificate is requested in conjunction
324 with the sale or refinancing of a unit, the fee for the
325 preparation and delivery of the estoppel certificate shall be
326 paid to the association from the closing or settlement proceeds.
327 If the closing does not occur, the fee for the preparation and
328 delivery of the estoppel certificate remains the obligation of
329 the unit owner, and the association may collect the fee in the
330 same manner as an assessment against the unit. An association
331 may not require the payment of any other fee as a condition for
332 the preparation or delivery of an estoppel certificate.
333 (h) The authority to charge a fee for the preparation and
334 delivery of the estoppel certificate must be established by a
335 written resolution adopted by the board or provided by a written
336 management, bookkeeping, or maintenance contract by a unit owner
337 or mortgagee, the association shall provide a certificate
338 stating all assessments and other moneys owed to the association
339 by the unit owner with respect to the cooperative parcel. Any
340 person other than the unit owner who relies upon such
341 certificate shall be protected thereby. Notwithstanding any
342 limitation on transfer fees contained in s. 719.106(1)(i), the
343 association or its authorized agent may charge a reasonable fee
344 for the preparation of the certificate.
345 Section 3. Section 720.30851, Florida Statutes, is amended
346 to read:
347 720.30851 Estoppel certificates.—Within 10 business 15 days
348 after receiving a written or electronic the date on which a
349 request for an estoppel certificate from a parcel owner or the
350 parcel owner’s designee, or a parcel mortgagee or the parcel
351 mortgagee’s designee, the association shall issue the estoppel
352 certificate. Each association shall designate on its website a
353 person or entity with a street or e-mail address for receipt of
354 a request for an estoppel certificate issued pursuant to this
355 section. The estoppel certificate must be provided by hand
356 delivery, regular mail, or e-mail to the requestor on the date
357 of issuance of the estoppel certificate.
358 (1) The estoppel certificate must contain all of the
359 following information and must be substantially in the following
360 form:
361 (a) Date of issuance:....
362 (b) Name of the parcel owner(s)reflected in the books and
363 records of the association:....
364 (c) Parcel designation and address:....
365 (d) Parking or garage space number, if any:....
366 (e) Storage locker number, if any:....
367 (f) Attorney’s name and contact information if the account
368 is delinquent and has been turned over to an attorney for
369 collection. No fee may be charged for this information.
370 (g) Fee for the preparation and delivery of the estoppel
371 certificate:....
372 (h) Name of the requestor:....
373 (i) Assessment information and other information:
374
375 ASSESSMENT INFORMATION:
376 1. The regular periodic assessment levied against the
377 parcel is $.... per ...(insert frequency of payment)....
378 2. The regular periodic assessment is paid through
379 ...(insert date paid through)....
380 3. The next installment of the regular periodic assessment
381 is due ...(insert due date)... in the amount of $.....
382 4. An itemized list of all assessments, special
383 assessments, and other moneys owed on the date of issuance to
384 the association by the parcel owner for a specific parcel is
385 provided.
386 5. An itemized list of any additional assessments, special
387 assessments, and other moneys that are scheduled to become due
388 for each day after the date of issuance for the effective period
389 of the estoppel certificate is provided. In calculating the
390 amounts that are scheduled to become due, the association may
391 assume that any delinquent amounts will remain delinquent during
392 the effective period of the estoppel certificate.
393
394 OTHER INFORMATION:
395 6. Is there a capital contribution fee, resale fee,
396 transfer fee, or other fee due? ...(Yes)... ...(No).... If yes,
397 specify the type and amount of the fee.
398 7. What is the amount, if any, of an association
399 application fee?
400 8. Is there a credit balance on the current account?
401 ...(Yes)... ...(No)...
402 9. Is there any violation of rule or regulation noticed to
403 the parcel owner in the association official records?
404 ...(Yes)... ...(No)....
405 10. Do the rules and regulations of the association
406 applicable to the parcel require approval by the board of
407 directors of the association for the transfer of the parcel?
408 ...(Yes)... ...(No).... If yes, has the board approved the
409 transfer of the parcel?...(Yes)...(No)....
410 11. Do rules or regulations applicable to the parcel
411 provide for a right of first refusal in favor of the members or
412 association? ...(Yes)... ...(No).... If yes, include applicable
413 rules or regulations.
414 12. Provide a list of utilities provided to the parcel
415 which are included in the assessments paid to the association.
416 13. Provide a list of all recreational or land leases to
417 the association affecting the parcel.
418 14. Provide a list of, and contact information for, all
419 other associations of which the parcel is a member.
420 15. Provide a description of any litigation or
421 administrative proceedings in which the association is a party.
422 16. Provide contact information for all insurance
423 maintained by the association.
424 17. Provide the signature of an officer or authorized agent
425 of the association.
426
427 The association, at its option, may include additional
428 information in the estoppel certificate.
429 (2) An estoppel certificate that is hand delivered or sent
430 by electronic means has a 30-day effective period. An estoppel
431 certificate that is sent by regular mail has a 35-day effective
432 period. If additional information or a mistake related to the
433 estoppel certificate becomes known to the association within the
434 effective period, an amended estoppel certificate may be
435 delivered and becomes effective if a sale or refinancing of the
436 parcel has not been completed during the effective period. A fee
437 may not be charged for an amended estoppel certificate. An
438 amended estoppel certificate must be delivered on the date of
439 issuance, and a new 30-day or 35-day effective period begins on
440 such date.
441 (3) An association waives the right to collect any moneys
442 owed in excess of the amounts specified in the estoppel
443 certificate from any person who in good faith relies upon the
444 estoppel certificate and from the person’s successors and
445 assigns.
446 (4) If an association receives a request for an estoppel
447 certificate from a parcel owner or the parcel owner’s designee,
448 or a parcel mortgagee or the parcel mortgagee’s designee, and
449 fails to deliver an estoppel certificate within 10 business
450 days, a fee may not be charged for the preparation and delivery
451 of that estoppel certificate. If the association fails to
452 deliver the estoppel certificate within 15 business days, the
453 association waives any claim, including a claim for a lien
454 against the parcel, against a purchaser and mortgagee of the
455 parcel who would have relied on the estoppel certificate, and
456 the purchaser’s and mortgagee’s successors and assigns, for any
457 amount that is owed to the association through the date of
458 closing and that should have been shown on the estoppel
459 certificate for an estoppel certificate is received from a
460 parcel owner or mortgagee, or his or her designee, the
461 association shall provide a certificate signed by an officer or
462 authorized agent of the association stating all assessments and
463 other moneys owed to the association by the parcel owner or
464 mortgagee with respect to the parcel. An association may charge
465 a fee for the preparation of such certificate, and the amount of
466 such fee must be stated on the certificate.
467 (1) Any person other than a parcel owner who relies upon a
468 certificate receives the benefits and protection thereof.
469 (5)(2) A summary proceeding pursuant to s. 51.011 may be
470 brought to compel compliance with this section, and the
471 prevailing party is entitled to recover reasonable attorney
472 attorney’s fees.
473 (6) An association or its authorized agent may charge a
474 reasonable fee for the preparation and delivery of an estoppel
475 certificate, which may not exceed $200 if on the date the
476 certificate is issued, no delinquent amounts are owed to the
477 association for the applicable parcel. If an estoppel
478 certificate is requested on an expedited basis and delivered
479 within 3 business days after the request, the association may
480 charge an additional fee of $100. If a delinquent amount is owed
481 to the association for the applicable parcel, an additional fee
482 for the estoppel certificate may not exceed $200.
483 (7)(a) If estoppel certificates for multiple parcels owned
484 by the same owner are simultaneously requested from the same
485 association and there are no past due monetary obligations owed
486 to the association, the statement of moneys due for those
487 parcels may be delivered in one or more estoppel certificates,
488 and, even though the fee for each parcel shall be computed as
489 set forth in subsection (6), the total fee that the association
490 may charge for the preparation and delivery of the estoppel
491 certificates may not exceed, in the aggregate:
492 1. For 25 or fewer parcels, $750.
493 2. For 26 to 50 parcels, $1,000.
494 3. For 51 to 100 parcels, $1,500.
495 4. For more than 100 parcels, $2,500.
496 (b) If an estoppel certificate is requested in conjunction
497 with the sale or refinancing of a parcel, the fee for the
498 preparation and delivery of the estoppel certificate shall be
499 paid to the association from the closing or settlement proceeds.
500 If the closing does not occur, the fee for the preparation and
501 delivery of the estoppel certificate remains the obligation of
502 the parcel owner, and the association may collect the fee in the
503 same manner as an assessment against the parcel. An association
504 may not require the payment of any other fee as a condition for
505 the preparation or delivery of an estoppel certificate.
506 (8)(3) The authority to charge a fee for the preparation
507 and delivery of the estoppel certificate must shall be
508 established by a written resolution adopted by the board or
509 provided by a written management, bookkeeping, or maintenance
510 contract and is payable upon the preparation of the certificate.
511 If the certificate is requested in conjunction with the sale or
512 mortgage of a parcel but the closing does not occur and no later
513 than 30 days after the closing date for which the certificate
514 was sought the preparer receives a written request, accompanied
515 by reasonable documentation, that the sale did not occur from a
516 payor that is not the parcel owner, the fee shall be refunded to
517 that payor within 30 days after receipt of the request. The
518 refund is the obligation of the parcel owner, and the
519 association may collect it from that owner in the same manner as
520 an assessment as provided in this section.
521 Section 4. This act shall take effect July 1, 2017.
522
523 ================= T I T L E A M E N D M E N T ================
524 And the title is amended as follows:
525 Delete everything before the enacting clause
526 and insert:
527 A bill to be entitled
528 An act relating to estoppel certificates; amending ss.
529 718.116, 719.108, and 720.30851, F.S.; revising
530 requirements relating to the issuance of an estoppel
531 certificate to specified persons; requiring a
532 condominium, cooperative, or homeowners’ association
533 to designate a street or e-mail address on its website
534 for estoppel certificate requests; specifying delivery
535 requirements for an estoppel certificate; requiring
536 that an estoppel certificate contain certain
537 information; providing an effective period for an
538 estoppel certificate based upon the date of issuance
539 and form of delivery; providing that an association
540 waives a specified claim against a person or such
541 person’s successors or assigns who in good faith rely
542 on the estoppel certificate; prohibiting an
543 association from charging a preparation and delivery
544 fee or making certain claims if it fails to deliver an
545 estoppel certificate within certain timeframes;
546 revising fee requirements for preparing and delivering
547 an estoppel certificate under various circumstances;
548 authorizing the statement of moneys due to be
549 delivered in one or more estoppel certificates under
550 certain circumstances; providing limits on a total fee
551 charged for the preparation and delivery of estoppel
552 certificates; requiring the fee for an estoppel
553 certificate to be paid from specified proceeds under
554 certain circumstances; requiring that the authority to
555 charge a fee for the estoppel certificate be
556 established by a specified written resolution or
557 provided by a written management, bookkeeping, or
558 maintenance contract; deleting obsolete provisions;
559 conforming provisions to changes made by the act;
560 providing an effective date.