Property; regulation of specialized land transactions; provide issuance of statements of accounts
Summary
A BILL to be entitled an Act to amend Chapter 3 of Title 44 of the Official Code of Georgia Annotated, relating to regulation of specialized land transactions, so as to provide for the issuance of statements of accounts; to provide for information required in and the manner of requesting and providing such statements; to provide for the effect of failure to furnish such statements as required; to amend Code Section 44-14-15 of the Official Code of Georgia Annotated, relating to fee for a future conveyance and limited circumstances relative to property, so as to provide for a cross-reference; to provide for related matters; to provide for applicability; to repeal conflicting laws; and for other purposes.
Bill status
in committee
1 of 4 stages cleared
Introduction
Feb 2026
Committee Review
Floor Vote
Governor
Introduced Feb 5, 2026
Last action Feb 18, 2026
Maddy AI version diff · 1 comparison
What changed between versions
LC 62 0308/a
→
LC 62 0384S/hs
·
5 edits
MODERATE
This bill was amended by the House Committee on Regulated Industries to shift its focus from specialized land transactions to condominiums. The original version targeted lot owners in land transactions, while the substitute version now specifically addresses condominium unit owners and their obligations regarding common expenses and assessments.
Scope change
The bill's scope changed from applying to specialized land transactions and lot owners to specifically applying to condominiums and condominium unit owners under the Georgia Condominium Act.
SCOPE
Changed the bill's focus from 'specialized land transactions' to 'condominiums' and 'condominium units' to align with the Georgia Condominium Act.
DEFINITION
Added a new definition for 'condominium unit' to clarify the scope of who is subject to the bill's requirements.
REQUIREMENT
Modified the requirements for providing statements of account to apply to condominium unit owners instead of lot owners, including changes to how liens are extinguished for unpaid assessments.
Added a new Code section (44-3-109.1) to establish specific procedures for requesting and providing statements of account for condominium units.
ENFORCEMENT
Modified enforcement mechanisms to apply to condominium associations and unit owners rather than lot owners and land transaction parties.
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
4
Key actions
1
Committee
1
Feb 18, 2026
Lower · Passed
House Committee Favorably Reported By Substitute
lower
Feb 5, 2026
Introduced
House Hopper
lower
6 primary · 0 co-sponsors
Sponsors
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