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By CondoAssociation.com • May 22, 2019

Florida owner files DBPR complaint against HOA for misuse of reserves

I live in a condo in Florida. I filed a complaint with the DBPR against my HOA. The complaint was in reference to our Board using reserve monies for a purpose other than its intended purpose (used paint reserve for roofs) without unit owner approval. The Department has written a letter to the President requesting information. Is anyone aware of possible next steps? I am wondering what will happen if the requested information is not provided (new CAM now), what will happen if Board is found to have acted inappropriately, and if I will have any more to do with this since I filed the complaint. I wrote to the financial examiner in charge, but haven't heard back. Just curious what has happened to others who have filed a complaint.  Orlando Florida

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