HB 903

Abstract

A BILL to be entitled an Act to amend Part 2 of Article 3 of Chapter 14 of Title 44 of the Official Code of Georgia Annotated, relating to reversion of conveyances to secure debt and bills of sale, and Part 1 of Article 7 of Chapter 14 of Title 44 of the Official Code of Georgia Annotated, relating to foreclosure generally, so as to require notice of the withdrawal of foreclosure proceedings; to provide for the right of a debtor to remain on foreclosed property until the deed under power has been recorded; to provide that a holder of a deed to secure debt after a foreclosure sale is responsible for fees and fines incurred upon the property; to require notice of the completion or cancellation of a foreclosure sale; to provide for penalties for failure to comply; to provide for related matters; to repeal conflicting laws; and for other purposes.