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GA HB512
Bill
Status
2/19/2025
Primary Sponsor
Regina Lewis-Ward
Click for details
AI Summary
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Property owners' associations must provide lot owners a free annual certificate of good standing within 45 days of each fiscal year end for lots with all assessments paid in full
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Associations must issue detailed statements of account within 10 business days of request, containing assessment amounts, payment history, violations, insurance information, and governing documents; statements are valid for 30 days
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Associations cannot charge requesters for statements of account; authorized agents may charge the association up to $250 (or $300 for expedited 3-day service), and incorrect amounts disclosed release purchasers from obligation to pay the error
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Associations must adopt written alternative dispute resolution policies and offer lot owners free participation in mediation, arbitration, or similar procedures before creating a lien for unpaid assessments
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Applies to contracts entered into or renewed on or after July 1, 2025
Legislative Description
Property owners' associations; revise provisions
Last Action
House Withdrawn, Recommitted
4/4/2025