The penalties for non-compliance with Florida’s Senate Bill 264 (SB 264) include:

1. Monetary Penalties: There is a civil penalty of $1,000 for each day a required registration is late. This means that if a foreign principal who is required to register their property under SB 264 fails to do so by the specified deadline, they can be fined $1,000 per day until the registration is completed.

2. Liens and Forfeiture: The State of Florida may impose a lien on unregistered land for the unpaid balance of any penalties assessed. In certain cases, failure to comply with the law could result in civil forfeiture of the property to the state.

3. Criminal Penalties for Sellers: Sellers who violate the law, especially in transactions involving foreign principals from China, could face criminal penalties. Selling any interest in real property to a foreign principal of China under certain conditions can be considered a felony.

4. Affidavit Requirements: The law requires an affidavit at the time of purchase stating that the buyer is not a foreign principal or is in compliance with SB 264. Failure to provide this affidavit could result in the aforementioned penalties.

For more detailed information and updates on the implementation and enforcement of SB 264, you may refer to legal resources or consult with a legal professional.