Florida condos & debit cards
Naples Daily News
Legal Matters column
By: Richard D. DeBoest
12 August 2017
This is a question that was answered in this Florida newspaper column. This is a measure to help prevent fraud.
I was told our condominium association can no longer use debit cards. Is this true?
—T.S., Marco Island
Yes, as of 01 July 2017, Section 718.111(15) of the Condominium Act
provides that an association and its officers, directors, employees and
agents may not use a debit card issued in the name of the association
or billed directly to the association. Use of such a card for purposes
other than legitimate association expenses is deemed credit card fraud.
This law does not apply to cooperatives or HOAs. Credit cards are still
allowed to be used.