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, prohibiting them from engaging in certain political activities or holding conflicting positions. The ombudsman is responsible for maintaining a principal office, with the option to establish branch offices, and is granted various powers and duties, including acting as a liaison between homeowners and associations, monitoring elections, and providing educational resources.

Additionally, the bill details the election monitoring process, allowing a specified percentage of homeowners to petition for an election monitor to oversee the election of directors at annual meetings. The ombudsman is responsible for appointing the election monitor, who can be a division employee or a qualified attorney, with all associated costs borne by the homeowners' association. The bill also allows the division to adopt rules regarding the election monitoring process, with a fallback to existing administrative rules if no new rules are established. The act is set to take effect on July 1, 2025.