To clarify the Division’s lack of jurisdiction over escrow funds placed with a title company or attorney and to discuss the definition of “Deposit” within the same rule.

DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION
Florida Real Estate Commission

RULE NO: RULE TITLE
61J2-14.008: Definitions
PURPOSE AND EFFECT: To clarify the Division’s lack of jurisdiction over escrow funds placed with a title company or attorney and to discuss the definition of “Deposit” within the same rule.
SUBJECT AREA TO BE ADDRESSED: Definition of “Deposit” and escrow funds held by a title company or attorney.
SPECIFIC AUTHORITY: 475.05, 475.25(1)(k) FS.
LAW IMPLEMENTED: 475.25(1)(k) FS.
A RULE DEVELOPMENT WORKSHOP WILL BE HELD AT THE DATE, TIME AND PLACE SHOWN BELOW:
DATE AND TIME: August 14, 2007, 8:30 a.m. or as soon thereafter as possible
PLACE: Division of Real Estate, Commission Meeting Room 901, North Tower, 400 West Robinson Street, Orlando, Florida 32801
THE PERSON TO BE CONTACTED REGARDING THE PROPOSED RULE DEVELOPMENT AND A COPY OF THE PRELIMINARY DRAFT, IF AVAILABLE, IS: Lori Crawford, Deputy Clerk, Division of Real Estate, 400 West Robinson Street, Hurston Building, North Tower, Suite 801n, Orlando, Florida 32801

THE PRELIMINARY TEXT OF THE PROPOSED RULE DEVELOPMENT IS NOT AVAILABLE.