GA SB580

Increases the minimum lien amount required before a condominium association can foreclose on a unit from $2,000 to $20,000 under the Georgia Condominium Act

Increases the minimum lien amount required before a property owners' association (HOA) can foreclose on a lot from $2,000 to $20,000 under the Georgia Property Owners' Association Act

Associations must still provide at least 30 days written notice via certified mail or statutory overnight delivery before initiating foreclosure

Liens for unpaid assessments continue to lapse after four years from when the assessment first became due and payable

Sponsored by Senators Rahman (5th), James (28th), Anderson (43rd), Jones II (22nd), and Jackson (41st)