Florida Senate - 2016                        COMMITTEE AMENDMENT
       Bill No. CS for SB 1646
       
       
       
       
       
       
                                Ì932808:Î932808                         
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                   Comm: WD            .                                
                  02/15/2016           .                                
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       Appropriations Subcommittee on Transportation, Tourism, and
       Economic Development (Brandes) recommended the following:
       
    1         Senate Amendment to Amendment (176818) (with title
    2  amendment)
    3  
    4         Between lines 21 and 22
    5  insert:
    6         Section 2. Subsection (13) of section 163.08, Florida
    7  Statutes, is amended to read:
    8         163.08 Supplemental authority for improvements to real
    9  property.—
   10         (13) Within At least 30 days after before entering into a
   11  financing agreement, the property owner shall provide to the
   12  holders or loan servicers of any existing mortgages encumbering
   13  or otherwise secured by the property a notice of the owner’s
   14  intent to enter into a financing agreement together with the
   15  maximum principal amount to be financed and the maximum annual
   16  assessment necessary to repay that amount. A verified copy or
   17  other proof of such notice shall be provided to the local
   18  government. A provision in any agreement between a mortgagee or
   19  other lienholder and a property owner, or otherwise now or
   20  hereafter binding upon a property owner, which allows for
   21  acceleration of payment of the mortgage, note, or lien or other
   22  unilateral modification solely as a result of entering into a
   23  financing agreement as provided for in this section is not
   24  enforceable. This subsection does not limit the authority of the
   25  holder or loan servicer to increase the required monthly escrow
   26  by an amount necessary to annually pay the qualifying
   27  improvement assessment.
   28  
   29  ================= T I T L E  A M E N D M E N T ================
   30  And the title is amended as follows:
   31         Between lines 3829 and 3830
   32  insert:
   33         163.08, F.S.; revising the timeframe within which a
   34         property owner is required to provide certain notice
   35         to holders or loan servicers of a mortgage encumbering
   36         or secured by the owner’s property; amending s.