Wanting to head off skyrocketing condo fees, can board take loan to meet state law? - The Palm Beach Post
Florida condo boards may take loans to fund reserve studies and structural repairs to avoid special assessments, as per new state law. This affects compliance with milestone inspection and reserve funding requirements.
Aforeworn detected this change in the HOA & Condo Board Rules space on July 6, 2026 and published this briefing so affected operators are forewarned rather than caught off guard. It is rated High urgency. Self-managed boards, management companies, high-rise condos, master-planned HOAs in Florida should confirm how it applies to their specific situation before acting. There is a time constraint attached: Before next annual budget or inspection deadline (typically within 90 days of law effective date). Acting after that point can mean penalties, a lapsed licence, or lost eligibility — exactly the kind of surprise Aforeworn exists to prevent. Aforeworn monitors HOA & Condo Board Rules continuously and turns every detected change into a plain-English briefing like this one, so you always know first. Forewarned is forearmed.
What changed
Boards can now borrow funds to meet state-mandated reserve studies and structural integrity inspections, potentially avoiding special assessments.
Who it affects
Self-managed boards, management companies, high-rise condos, master-planned HOAs in Florida
What you must do
Evaluate loan options for funding reserve studies and milestone inspections; update reserve funding plans accordingly.
Deadline
Before next annual budget or inspection deadline (typically within 90 days of law effective date)
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- Florida's Dec. 31 Milestone Inspection Deadline Spotlights Condo Concrete Repair Needs - The National Law Review
- New Georgia laws taking effect July 1 target HOA disputes, crypto scams, and school zones - The Cool Down
- Nevada HOA rule could let boards pile on unlimited fines — and even force homeowners to foreclose, critic warns - The Cool Down
- Condo Boards Will Soon Need to Fatten Their Reserves - Habitat Magazine
- Law to Save Coloradans Money on Property Insurance Goes Into Effect - Colorado Senate Democrats