HOUSE AMENDMENT

    724-115AX-32                                Bill No. CS/HB 251

    Amendment No.     (for drafter's use only)

                            CHAMBER ACTION
              Senate                               House
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 5                                           ORIGINAL STAMP BELOW

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10                                                                

11  Representative(s) Detert offered the following:

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13         Amendment (with title amendment) 

14         On page 1, line 12, through page 2, line 20,

15  remove from the bill:  all of said lines,

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17  and insert in lieu thereof:

18         Section 1.  Paragraph (b) of subsection (1) of section

19  718.116, Florida Statutes, is amended, and paragraph (g) is

20  added to said section, to read:

21         718.116  Assessments; liability; lien and priority;

22  interest; collection.--

23         (1)

24         (b)  The liability of a first mortgagee or its

25  successor or assignees who acquire title to a unit by

26  foreclosure or by deed in lieu of foreclosure for the unpaid

27  assessments that became due prior to the mortgagee's

28  acquisition of title is limited to the lesser of:

29         1.  The unit's unpaid common expenses and regular

30  periodic assessments which accrued or came due during the 6

31  months immediately preceding the acquisition of title and for

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    File original & 9 copies    03/13/00
    hbd0016                     04:42 pm         00251-0070-722633




                                                   HOUSE AMENDMENT

    724-115AX-32                                Bill No. CS/HB 251

    Amendment No.     (for drafter's use only)





 1  which payment in full has not been received by the

 2  association; or

 3         2.  One percent of the original mortgage debt.

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 5  The provisions of this paragraph shall not apply only if

 6  unless the first mortgagee joined the association as a

 7  defendant in the foreclosure action. Joinder of the

 8  association is not required if, on the date the complaint is

 9  filed, the association was dissolved or did not maintain an

10  office or agent for service of process at a location which was

11  known to or reasonably discoverable by the mortgagee.

12         (g)  For purposes of this subsection, the term

13  "successor or assignee" of a first mortgagee includes only a

14  subsequent holder of the first mortgage.

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17  ================ T I T L E   A M E N D M E N T ===============

18  And the title is amended as follows:

19         On page 1, lines 4-6,

20  remove from the title of the bill:  all of said lines,

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22  and insert in lieu thereof:

23         limiting liability of certain mortgagees for

24         certain unpaid assessments;

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    File original & 9 copies    03/13/00
    hbd0016                     04:42 pm         00251-0070-722633