Category Archives: Legislation

New Name for Florida Ownership and Encumbrance Reports

Property Information Report, formally known as Ownership and Encumbrance Report

2017 Florida Legislation has recently revamped Florida Statute Section 627.7843, renaming the “Ownership and Encumbrance Report” to the “Property Information Report”.  The report will continue to show the same information regarding the record of ownership for specific real property and any encumbrances that are a matter of public record.  The encumbrances listed on the report will also stay the same to include any and all of the following matters of public record: easements, restrictions and other materials affecting liens, judgments, and mortgages. 

Remember! This report does not issue or guarantee any sort of insurance on the status of title, and can be issued by any person, including licensed Florida title agencies, insurers, or agents.

If you have any questions about Property Information Reports, or would like to request one, please contact us at info@ntspros.com!

Florida’s New Estoppel Law

Have you heard the news?! Florida recently passed a new bill limiting what Condo Associations, Community Associations and HOA’s can charge for an estoppel certificate.  The Estoppel Bill SB 398 is effective as of July 1, 2017, and will limit and regulate the following processes:

  • Fee Cap: Caps on the fees an association can charge for the estoppel certificate
  • The Right to Reimbursement: File did not close?  You may be entitled to a refund on advanced fees
  • Timing: Associations must respond within a certain time or the estoppel will be free, and the expiration date of the certificate is now a regulated timeframe.  No more receiving expired estoppels!
  • Buying in Bulk?  A limit has been placed on how much you can be charged.

If you have any questions about estoppels, or would like to request one, please contact us at info@ntspros.com!