Senate panel advances two bills tightening HOA foreclosure limits, adding ADR and good‑faith requirements

Senator McLaurin, speaking for sponsors and committee members, described a pair of companion bills — SB 107 (LC550573S) and SB 108 (LC550574S) — aimed at reforming community association foreclosure procedures and creating a statutory alternative dispute resolution process for association disputes.

SB 107 was amended to prohibit a community association, and its subsidiaries, parents or affiliates, from acquiring property it foreclosed on; to change a flat lien threshold into a variable limit tied to 12 months of the association’s monthly assessments; and to extend the post‑foreclosure right of redemption period for owners from four months to six months. McLaurin said the changes were intended to curb perceived “inside‑game” purchases of foreclosed units and to strengthen owner protections.

SB 108 sets minimum ADR procedures for…