Bill > SB107

This bill introduces comprehensive protections and regulations for homeowners in community associations in Georgia, focusing on several key areas. The bill limits the ability of community associations to foreclose on liens by establishing that foreclosure actions are only permissible for liens exceeding the total assessments levied in the preceding 12 months and prohibiting associations from purchasing units at their own foreclosure sales. The legislation creates a new right of redemption for homeowners, allowing them to reclaim their property within 180 days of a foreclosure sale by paying outstanding amounts and associated costs. Additionally, the bill mandates that community associations waive assessments for unit owners who die with an insolvent estate or become disabled and experiencing financial hardship. A significant provision establishes the Office of the Community Association Ombudsman within the Department of Community Affairs, which will serve as a neutral resource for resolving disputes, monitoring elections, providing educational resources, and maintaining a registration of community associations. The ombudsman will have powers to mediate conflicts, investigate complaints, and issue recommendations, with a mechanism for community associations to review and potentially implement these recommendations. The bill also requires annual registration of community associations and imposes a $25 per unit registration fee to support the ombudsman's office. These provisions aim to provide greater transparency, fairness, and protection for homeowners in community associations, with most new regulations applying to associations created after July 1, 2025.

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https://www.legis.ga.gov/legislation/69962