True or False: Any fee charged by an association for an estoppel certificate is waived if it is not issued within the designated time period.

The statement is true because Florida law stipulates that an association must respond to a request for an estoppel certificate within a specific time frame, typically within a certain number of days. If the association fails to issue the estoppel certificate within this designated period, any fees associated with the issuance of that certificate are automatically waived. This provision is in place to protect individuals who are seeking timely and accurate information regarding the status of their property, especially in real estate transactions.

Therefore, when an association does not adhere to the required timeline, it loses the right to collect fees for a service that it failed to provide in a timely manner. This encourages associations to process requests promptly and ensures that owners and potential buyers are not unfairly penalized for delays that are outside their control.