Norman Axelman, Treasurer, Crestview Towers Condominium Association, Inc. on September 2, 2010.; Crestview Towers Condominium Association, Inc. asks how it is to calculate the interest due on past due assessments under its bylaws, which allow for 10%...

DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION
Division of Florida Condominiums, Timeshares and Mobile Homes

NOTICE IS HEREBY GIVEN THAT the Division of Florida Condominiums, Timeshares, and Mobile Homes, Department of Business and Professional Regulation, State of Florida, has received the petition for declaratory statement from Norman Axelman, Treasurer, Crestview Towers Condominium Association, Inc. on September 2, 2010.The petition seeks the agency's opinion as to the applicability of Section 718, Florida Statutes as it applies to the petitioner.
Crestview Towers Condominium Association, Inc. asks how it is to calculate the interest due on past due assessments under its bylaws, which allow for 10% per annum interest to be charged.
A copy of the Petition for Declaratory Statement may be obtained by contacting: Division Clerk, Department of Business and Professional Regulation, Division of Florida Condominiums, Timeshares, and Mobile Homes, 1940 North Monroe Street, Tallahassee, Florida 32399-2217.
Please refer all comments to: Janis Sue Richardson, Chief Assistant General Counsel, Department of Business and Professional Regulation, Division of Florida Condominiums, Timeshares, and Mobile Homes, 1940 North Monroe Street, Tallahassee, Florida 32399-2202.