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Bill would cap HOA closing-letter fees, require mediation before liens
Summary
Representative Lewis Ward presented HB 512 to require annual letters of good standing from homeowners associations, cap expedited closing-letter fees, and bar liens until mediation is offered or invoked. Supporters said the bill would limit surprise closing costs and require dispute resolution; members asked for evidence of problematic practices.
Representative Lewis Ward presented House Bill 512 (LC 501035) to the subcommittee, telling members that many Georgia homeowners live under association governance and that the bill aims to reduce surprises and protect sellers and homeowners by standardizing account statements, capping closing-letter fees and requiring mediation before an association may place a lien on a property.
“According to Google, there's more than 2,000,000 Georgians who live in communities that are governed by associations,” Representative Lewis Ward said in…
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