The bill establishes the Office of the Homeowners Association Ombudsman within the Division of Florida Condominiums, Timeshares, and Mobile Homes, which will be funded by the Division's Trust Fund. The Governor is tasked with appointing the ombudsman, who must be a licensed attorney in Florida and will serve at the Governor's discretion. The bill outlines restrictions on the ombudsman and office employees regarding outside business engagements and political activities to ensure impartiality. The ombudsman will maintain a principal office and may establish branch offices with the Governor's approval.

The ombudsman is granted various powers and duties, including access to division records, the ability to employ staff, and the authority to prepare reports and recommendations. The bill also details the ombudsman's role in monitoring elections within homeowners associations, allowing a specified percentage of voting interests to petition for an election monitor's appointment. The costs associated with election monitoring will be borne by the association, and the division is authorized to adopt rules governing the election monitoring process. The act is set to take effect on July 1, 2025.