FL CAM FINAL PAPER PRACTICE
SOLUTION TESTED QUESTIONS WITH
COMPLETE ANSWERS
●● Chapter 468 does this:
Answer: Oversees community association risks
●● Chapter 617 F.S. is known as __________________________.
Answer: Not for profit corporations act
●● Chapter 719 Florida Statutes is also known as ___________.
Answer: Cooperative Act
●● What is chapter 720
Answer: It's the homeowners association act
●● Chapter 721, Florida Statutes covers what associations?
Answer: Florida vacation plan and timeshare act
●● Role of Board of Directors
Answer: Must abide by the condo docs, the condo laws and regulations
and rules of assoc.
,●● The board must provide written response to an inquiry within:
Answer: 30 days, 60 days if legal or 10 days of receiving division advice
●● The association must make documents available
Answer: Within ten working days of receipt of request
●● Written notice of any special assessment must:
Answer: State specific purpose of special assessment
●● Except in emergencies , associations must provide ____ hours notice
of board and committee meetings
Answer: 48 hrs
●● Notice of the ANNUAL meeting must also be posted on the
condominium or cooperative at least __ continues days prior to the date
of meeting.
Answer: 14 days
●● Notice of a members meeting must be posted:
Answer: 14 days continuous days before the meeting
, ●● A copy of the proposed annual budget along with budget meeting
notice must:
Answer: Be mailed or electronically delivered or mailed to each unit
owner
●● A budget must be proposed and adopted no later than:
Answer: 14 days before the beginning of fiscal year
●● The association must provide notice of legal action if exposed to
liability ______________ of insurance coverage so unit owners can self
defend
Answer: In excess
●● Association must provide notification of hearing before a committee
of other unit owners before:
Answer: The board can levy a fine or suspension against unit owner
●● In an election, The association must provide by mail or personal
delivery a :
Answer: First notice of an election no less than 60 days prior to the
election
●● Unless the governing documents require a membership vote, the
board of directors may approve:
SOLUTION TESTED QUESTIONS WITH
COMPLETE ANSWERS
●● Chapter 468 does this:
Answer: Oversees community association risks
●● Chapter 617 F.S. is known as __________________________.
Answer: Not for profit corporations act
●● Chapter 719 Florida Statutes is also known as ___________.
Answer: Cooperative Act
●● What is chapter 720
Answer: It's the homeowners association act
●● Chapter 721, Florida Statutes covers what associations?
Answer: Florida vacation plan and timeshare act
●● Role of Board of Directors
Answer: Must abide by the condo docs, the condo laws and regulations
and rules of assoc.
,●● The board must provide written response to an inquiry within:
Answer: 30 days, 60 days if legal or 10 days of receiving division advice
●● The association must make documents available
Answer: Within ten working days of receipt of request
●● Written notice of any special assessment must:
Answer: State specific purpose of special assessment
●● Except in emergencies , associations must provide ____ hours notice
of board and committee meetings
Answer: 48 hrs
●● Notice of the ANNUAL meeting must also be posted on the
condominium or cooperative at least __ continues days prior to the date
of meeting.
Answer: 14 days
●● Notice of a members meeting must be posted:
Answer: 14 days continuous days before the meeting
, ●● A copy of the proposed annual budget along with budget meeting
notice must:
Answer: Be mailed or electronically delivered or mailed to each unit
owner
●● A budget must be proposed and adopted no later than:
Answer: 14 days before the beginning of fiscal year
●● The association must provide notice of legal action if exposed to
liability ______________ of insurance coverage so unit owners can self
defend
Answer: In excess
●● Association must provide notification of hearing before a committee
of other unit owners before:
Answer: The board can levy a fine or suspension against unit owner
●● In an election, The association must provide by mail or personal
delivery a :
Answer: First notice of an election no less than 60 days prior to the
election
●● Unless the governing documents require a membership vote, the
board of directors may approve:
