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How SB 406 will change HOA registration and collections in Georgia
Summary
Presenters said SB 406 will require community associations to register with the Secretary of State, pay a $100 annual registration to be allowed to collect dues, and that unregistered associations will lose the ability to record liens or enforce covenants.
Commissioner Marvin Arrington Jr. told the audience that SB 406 creates a new registration regime for community associations: associations must register with the Secretary of State and pay $100 initially and $100 annually to retain enforcement powers. "You will not be able to you will not be able to collect dues," he said when asked about the consequences for associations that fail to register.
Presenters cautioned that the Secretary of State is still developing implementing policies. Arrington and Karel Driscoll Sr. urged boards to track deadlines and maintain records; when in doubt, homeowners should keep copious notes and copies of correspondence as evidence for any future administrative complaint.
