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Florida's usury laws cap interest on 'loans' less than US$500,000 at 18%.

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Q: What is the highest rate of interest a Homeowners Association can charge for late payments in the State of Florida?
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Do the bylaw of a Homeowners Association supersede the covenants in Florida?

Most all governing documents can supersede state law in common interest communities, if they are reasonable. Best practices dictate that the association consult with association counsel to determine how applicable and enforceable a specific by-law may be.


Can a non-mandatory Florida homeowners association be converted to a mandatory association under Florida ss 720.403 without the parcel owners consent?

A homeowners association cannot be a mandatory association without the consent of 100% of the property owners in the development attempting to establish an association. In addition to the consent of the property owners, the association must follow certain procedures and file the proper documents in order to subject the property to the association's rule.


Can a homeowners association lien be superior to the mortgage in the event of a foreclosure in the state of Florida?

Your association counsel is best prepared to help you answer this specific question.


Is a drivers license the only legal identification accepted by Homeowners Association Security in gated community in Florida?

No, a driver's license is not the only legal identification accepted by a Homeowners Association Security in a gated community in Florida. Other forms of legal identification, such as a state identification card, passport, or military ID, are typically accepted as well. It is best to check with the specific Homeowners Association for their accepted forms of identification.


Is it illegal to install speed bumps in a Florida homeowners' association?

No, it is not illegal to install speed bumps in a Florida homeowners' association. However, there may be specific regulations or guidelines that need to be followed in order to install them. It is best to check with the local government or the homeowners' association for any specific requirements.


What is an advantage of home ownership?

You Reap Mortgage Tax Deduction Benefits. Mortgage deduction: The tax code allows homeowners to deduct the mortgage interest from their tax obligations. For many people, this is a huge deduction since interest payments can be the largest component of your mortgage payment in the early years of owning a home need more find here in Florida or website unitedcounselors.org


Can a homeowner association or the other homeowners in a community take a homeowner to civil court for overdue assessment fees in Florida?

Yes, a homeowner association or other homeowners in a community can take a homeowner to civil court for overdue assessment fees in Florida. The homeowner association or other homeowners would need to file a lawsuit against the homeowner, seeking a judgment for the unpaid fees. If successful, the court may order the homeowner to pay the overdue fees, as well as any associated legal costs or penalties.


What Florida homeowners insurance covers felons?

Homeowners Insurance Covers your Property. Not criminal activities


When was Florida Student Association created?

Florida Student Association was created in 1976.


When was Florida Education Association created?

Florida Education Association was created in 1886.


When was University of Florida Alumni Association created?

University of Florida Alumni Association was created in 1906.


When was University of Florida Athletic Association created?

University of Florida Athletic Association was created in 1904.