CDD, Fraud

Question 1

What is a CDD?

Answer 1

Community development district (CDD) constructs, operates, and maintains community-wide infrastructure and services for the benefits of its residents

CDDs are often established to manage the development of new communities and provide necessary facilities.

Question 2

A CDD appears as an additional _____ assessment to the homeowners.

Answer 2

tax assessment

This is in addition to county and city property taxes.

Question 3

What are the four elements of fraud?

Answer 3

• Licensee made a misstatement or failed to disclose a material fact
• Licensee either knew or should have known that the statement was not accurate or that the undisclosed info should have been disclosed
• The party to whom the statement was made relied on the misstatement
• The party to whom the statement was made was damaged as a result

Each element must be proven for a successful fraud claim.