| 1 | A bill to be entitled |
| 2 | An act relating to condominium and homeowners' |
| 3 | associations; prohibiting such associations from requiring |
| 4 | a prospective purchaser of certain properties to make a |
| 5 | monetary deposit or show evidence of financial status; |
| 6 | providing an effective date. |
| 7 |
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| 8 | Be It Enacted by the Legislature of the State of Florida: |
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| 10 | Section 1. Notwithstanding any agreement or other document |
| 11 | to the contrary, a condominium or homeowners' association may |
| 12 | not require a prospective buyer of a property represented by the |
| 13 | association to make a monetary deposit or present evidence of |
| 14 | any financial status to the association if such prospective |
| 15 | buyer has been approved by a lending institution that is |
| 16 | necessary to purchase the property. |
| 17 | Section 2. This act shall take effect July 1, 2007. |