Bills Added this Week to Our Tracking List
We saw several bills introduced this week that we've
added to our tracking list. Obviously not all bills
introduced will pass, but as decisions are made at
the committee level on the fate of these bills,
we'll let you know.
Recovery limits by successor
creditors. Sen. Don
Balfour, (R-Snellville) introduced
S.B. 448, which would limit the amount an acquirer
of a loan or other debt obligation can recover from
guarantors of the obligation to the lesser of either the
amount the acquirer paid to buy the debt obligation,
plus the original interest and rate, or the maximum
permitted under the guaranty, as opposed to the
original amount borrowed.
Foreclosure, fair market value of
real estate. Rep. Matt Ramsey
(R-Peachtree City) introduced H.B. 1047,
which would require a showing of a property's fair
market value in order to obtain judgment on a deed
or mortgage prior to foreclosure. Such fair market
value would be required to be used as the opening
bid in a foreclosure sale.
Foreclosure, deed filing
requirement. Rep. Tommy Benton
(R-Jefferson) introduced H.B. 1042 to
reduce from 90 days to 45 days the required time in
which a deed must be filed after a foreclosure sale.
It also provides a private right of action to a
grantee upon the failure of a new deed holder to
Medical information and ID fraud. Sen. Judson
Hill, (R-Marietta) introduced
S.B. 431 to add personal healthcare records to the
types of personal information covered by identity
theft and fraud protections.
Homeowners associations. Rep. Karla Drenner
(D-Avondale Estates) introduced
H.B. 961 that would prohibit homeowners
associations from preventing homeowners from
installing solar panels.