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Yearly Archives: 2020

Governing a Community Association Through COVID-19: Common Elements

December 4, 2020 Community Association Industry Legal Blog

The first COVID-19 related Emergency Order from Florida’s Department of Business and Professional Regulation (“DBPR”) was issued on March 16, 2020 (“2020-01”).  Now, nine (9) months later and there is another spike of COVID-19 infections across the country.  As COVID-19 infections spike, board members of Community Associations across the state […]

SBA Loans: How to Maximize Recovery by Liquidating Personal Property

November 23, 2020 Banking & Financial Services Industry Legal Blog

When a small business association (“SBA”) loan is converted to liquidation status, the lender must begin liquidating the collateral. Lenders must liquidate all personal property that has a Recoverable Value over $5,000. If the Recoverable Value is over $5,000, the lender must decide which method of liquidation is the most […]

Definitions and Requirements for Florida Mortgages

November 20, 2020 FAQs

Q: What is the Florida definition of a mortgage and debt? A: The word “mortgage” shall mean any written instrument securing the payment of money or advances and includes liens to secure payment of assessments arising under Florida Statutes Chapters 718 and 719 and liens created pursuant to the recorded covenants […]

SBA Loans: How to Maximize Recovery by Liquidating Real Property

November 13, 2020 Banking & Financial Services Industry Legal Blog

When a small business association (“SBA”) loan is converted to liquidation status, the lender must begin liquidating the collateral. Lenders must liquidate all personal property that has a Recoverable Value over $5,000. If the Recoverable Value is over $5,000, the lender must decide which method of liquidation is the most […]

Does a Tolling Agreement Extend the Miller Act’s (or Little Miller Act’s) One-Year Period to File a Lawsuit on a Payment Bond?

November 12, 2020 Construction Industry Legal Blog

Pursuant to the Miller Act and Florida’s Little Miller Act, when certain subcontractors and material suppliers have not been paid on public construction projects, they must file their lawsuit on the payment bond within one-year after the last day labor was performed or materials were supplied to the project. § […]

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