Florida condos & debit cards
Naples Daily News
Legal Matters column
By: Richard D. DeBoest
12 August 2017
This is a question that was answered in this Florida newspaper column. This is a measure to help prevent fraud.
Question:
I was told our condominium association can no longer use debit cards. Is this true?
—T.S., Marco Island
Answer:
Yes, as of 01 July 2017, Section 718.111(15) of the Condominium Act
provides that an association and its officers, directors, employees and
agents may not use a debit card issued in the name of the association
or billed directly to the association. Use of such a card for purposes
other than legitimate association expenses is deemed credit card fraud.
This law does not apply to cooperatives or HOAs. Credit cards are still
allowed to be used.
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