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Georgia committee advances bill to cap HOA closing-letter fees, require dispute process before liens
Summary
Representative Lewis Ward told the committee that House Bill 512 would give homeowners “peace and assurance that the HOA's are not their enemies,” and would require associations to offer alternate dispute-resolution procedures before placing liens on property.
Representative Lewis Ward told the committee that House Bill 512 would give homeowners “peace and assurance that the HOA's are not their enemies,” and would require associations to offer alternate dispute-resolution procedures before placing liens on property. She told members the bill also limits charges for closing letters.
The bill would cap the fee for a standard closing-letter statement at $250 if the letter is needed within 10 days, and allow an additional $50 for an expedited…
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