Curtis D. Hamlin on behalf of Runaway Bay Condominium Association, Inc., In Re: Runaway Bay Condominium Association, Inc., Docket No. 2019046160.; 1. Whether Petitioner is permitted to invest reserve assets in non-FDIC insured products. 2. ...

 

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 Curtis D. Hamlin on behalf of Runaway Bay Condominium Association, Inc., In Re: Runaway Bay Condominium Association, Inc., Docket No. 2019046160.The petition seeks the agency's opinion as to the applicability of subsection 718.111(14) as it applies to the petitioner.

1. Whether Petitioner is permitted to invest reserve assets in non-FDIC insured products. 2. Petitioner requests that the Division provide a definition for "investment," as the term is used in subsection 718.111(14), Florida Statutes.

A copy of the Petition for Declaratory Statement may be obtained by contacting: the Department of Business and Professional Regulation, Division of Florida Condominiums, Timeshares, and Mobile Homes, 2601 Blair Stone Road, Tallahassee, Florida 32399-1030, [phone]; [e-mail].

Please refer all comments to: Nick DuVal, Chief Attorney, Department of Business and Professional Regulation, Division of Florida Condominiums, Timeshares, and Mobile Homes, 2601 Blair Stone Road, Tallahassee, Florida 32399-2202.