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.
Despite Florida not having a construction trust fund statute, there are similar obligations that are applied to insurance proceeds on private projects. The Florida Homeowners Construction Recovery Fund assists homeowners impacted by licensed contractor misconduct, including project abandonment or substandard work. It provides financial remedies to address specific construction-related hardships.
The fund applies exclusively to residential projects, such as single. A practical guide to Florida Construction Recovery Fund claims, with checklists, timelines, and legal guidance from Jimerson Birr. 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 HOMEOWNERS' CONSTRUCTION RECOVERY FUND CLAIM FORM The FHCRF is governed by 489.140, et seq., Florida Statutes and Chapter 61G4-21, Florida Administrative Code.
The sole purpose of this fund is to compensate an aggrieved claimant who contracted for the construction or improvement of a residence located within this state and who obtains a final judgment in any court of competent. 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. 489.140 Florida Homeowners' Construction Recovery Fund.-There is created the Florida Homeowners' Construction Recovery Fund as a separate account in the Professional Regulation Trust Fund. The recovery fund shall be funded pursuant to s.
468.631.
