[RPPTL LandTen] Florida banking institution

[Harry Heist]

I have told my clients this means a bank that does business in Florida. In
many cases an out of state owner will hold the deposit. I advise licensees
not to send the deposit out of state but to force the owner to open an
account in a bank in their state that operates in Florida. The property
manager then deposits the security deposit into that account.  Example,
Wells Fargo is in multiple states. This is not based on any legal grounds,
just what I do.

 

I think the "Florida" bank thing is stupid, archaic and unnecessary and the
law should be changed to an FDIC insured banking institution.  I really
don't see any purpose behind the law.

 

Harry

 

 

 

LAW OFFICES OF 
HEIST, WEISSE & WOLK P.A.
PH: 1 800 253 8428
FAX: 1 800 367 9038
"Serving the Property Management Professional"
Website:  www.evict.com <http://www.evict.com/>  
Email: harry at evict.com

THIS E-MAIL MESSAGE IS CONFIDENTIAL, ATTORNEY-CLIENT PRIVILEGED, AND
INTENDED FOR THE PERSONS NAMED ABOVE ONLY.  ALL OTHER USE, COPYING, OR
DISTRIBUTION IS STRICTLY PROHIBITED.

 

 

From: landten-bounces at lists.flabarrpptl.org
[mailto:landten-bounces at lists.flabarrpptl.org] On Behalf Of Greg Hass
Sent: Wednesday, April 25, 2012 12:28 PM
To: RPPTL Landlord Tenant Committee
Subject: [RPPTL LandTen] Florida banking institution

 

Does anyone have a definition of "Florida banking institution" for purposes
of Section 83.49?  Any help would be greatly appreciated.

 

Thanks,

Greg

 

Greg Hass, Senior Counsel

 

Office of Law & Policy | FloridaRealtorsR
7025 Augusta National Drive, Orlando, FL 32822
talk: 407.438.1400, ext. 2421
visit: http://www.floridarealtors.org

 

The Voice for Real EstateR in Florida


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