Florida Construction Recovery Fund Disclosure
Recovery Fund Sample Affidavit of Asset Search (for claims $15,000 or less) For more information, you may contact the Recovery Fund office by writing to Florida Homeowners' Construction Recovery Fund, 2601 Blair Stone Road, Tallahassee, FL 32399-2215, or calling the office at 850.921.6593. The Florida Homeowners' Construction Recovery Fund (Fund) was established in 1993 in order "to compensate consumers who suffer monetary damages as a result of certain violations by licensed contractors."1 The Fund's legislative purpose is to "compensate an aggrieved claimant who contracted for the construction or improvement of the homeowner's residence2 located within this state. Select Year: The 2025 Florida Statutes.
FOR INFORMATION ABOUT THE RECOVERY FUND AND FILING A CLAIM, CONTACT THE FLORIDA CONSTRUCTION INDUSTRY LICENSING BOARD AT THE FOLLOWING TELEPHONE NUMBER AND ADDRESS: The statement must shall be immediately followed by the board's address and telephone number as established by board rule. A practical guide to Florida Construction Recovery Fund claims, with checklists, timelines, and legal guidance from Jimerson Birr. The Florida Homeowners Construction Recovery Fund is a crucial resource for residents suffering financial losses due to contractor misconduct.
Construction projects can sometimes lead to disputes or unfinished work, and this fund provides a safety net for homeowners seeking restitution. The following disclosure is required by Section 489.1425, Florida Statutes: PAYMENT MAY BE AVAILABLE FROM THE FLORIDA HOMEOWNERS' CONSTRUCTION RECOVERY FUND IF YOU LOSE MONEY ON A PROJECT PERFORMED UNDER CONTRACT, WHERE THE LOSS RESULTS FROM SPECIFIED VIOLATIONS OF FLORIDA LAW BY A LICENSED CONTRACTOR. Conditions For Recovery The fund is a last resort.
Before you can receive any money from the fund, you must have obtained a final judgment from a Florida civil or criminal court or a restitution order from the CILB or an award in arbitration, which is based on the types of violations of law already mentioned. Both the violation of law and the signing of the construction contract must have. A.
The Construction Industries Recovery Fund (now known as the Florida Homeowners' Construction Recovery Fund) is a fund of last resort that is available to a natural person who has suffered monetary damages by the financial mismanagement or misconduct of a contractor, and who has exhausted all other resources of payment. The Construction Industry Licensing Board makes the determination of. Florida House Bill 1335, which addresses changes to the Florida Homeowners' Construction Recovery Fund, marks a significant shift in homeowner protection and contractor accountability in the state.
Signed into law and taking effect on July 1, 2024, this legislation revises key elements of the Fund, making it more accessible to Florida homeowners who have suffered financial losses due to.
