Georgia Law Aims to Limit HOA Powers

Senate Bill 406 passed unanimously, 53-0, and now heads to the House before session ends in early April.
HOAs would register yearly with the Georgia Secretary of State; violations could block fines, fees, or foreclosures.
Registration requires a $100 fee and last year’s financial documents; fees fund a 5-person complaint review board.
Foreclosure threshold ↑from $2,000 to $4,000 in unpaid association dues, excluding fines and fees.
If signed into law, it would be Georgia’s biggest HOA reform in years; HOAs must keep 10 years records.