GA SB406

Requires property owners' associations (POAs) in Georgia to register with the Secretary of State, pay a $100 annual fee, and submit financial statements; unregistered associations cannot collect fines, fees, issue liens, or initiate foreclosures

Creates a five-member State Board for Review of Complaints Regarding Property Owners' Associations, appointed by the Governor, President of the Senate, and Speaker of the House for six-year terms, with authority to investigate complaints, conduct hearings, and impose civil fines

Establishes a "Property Owners' Bill of Rights" granting homeowners rights to inspect association records, receive meeting notices, attend annual meetings, access common areas, and challenge discriminatory practices

Increases the minimum lien threshold for POA foreclosure actions from $2,000 to the lesser of $4,000 or 12 months of dues in arrears (minimum $2,000), and extends the lien lapse period from four to six years

Mandates that owner payments to POAs be applied in priority order: dues first, then fees, then fines; requires associations to maintain financial records for at least ten years