Florida Senate - 2013                          SENATOR AMENDMENT
       Bill No. CS/CS/CS/SB 580, 1st Eng.
       
       
       
       
       
       
                                Barcode 285844                          
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
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                 Floor: WD/3R          .                                
             04/25/2013 04:33 PM       .                                
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       Senator Soto moved the following:
       
    1         Senate Amendment 
    2  
    3         Delete lines 417 - 432
    4  and insert:
    5  to the mortgage financing of parcels;
    6         (c) Five years after the initial governing documents have
    7  been recorded in the official records of the county in which the
    8  community is located; or, in the case of an association that may
    9  ultimately operate more than one homeowners’ association, 5
   10  years after the recording of the initial governing documents for
   11  the first association that it operates;
   12         (d) Upon the developer abandoning or deserting its
   13  responsibility to maintain and complete the amenities or
   14  infrastructure as disclosed in the governing documents. There is
   15  a rebuttable presumption that the developer has abandoned and
   16  deserted the property if the developer has unpaid assessments or
   17  guaranteed amounts under s. 720.308 for a period of more than 2
   18  years;
   19         (e) Upon the developer filing a petition seeking protection
   20  under chapter 7 of the federal Bankruptcy Code;
   21         (f) Upon the developer losing title to the property through
   22  a foreclosure, or the transfer of a deed in lieu of foreclosure,
   23  unless the successor owner has accepted an assignment of
   24  developer rights and responsibilities first arising after the
   25  date of such assignment; or
   26         (g) Upon a receiver for the developer being appointed by a