HB 53

Abstract

A BILL to be entitled an Act to amend Code Section 15-6-77 of the Official Code of Georgia Annotated, relating to fees and construction of other fee provisions regarding superior courts, so as to provide for the filing of land installment contracts in the superior court; to amend Chapter 5 of Title 44 of the Official Code of Georgia Annotated, relating to acquisition and loss of property, so as to provide for requirements for the execution of land installment contracts for the conveyance of real property; to provide for notice requirements to the purchaser; to provide for a period of cancellation and rescission; to provide that enforcement of defaults under land installment contracts for the conveyance of real property shall be the same as for foreclosures on mortgages; to provide for civil remedies, relief, and the award of damages; to provide for construction; to revise a definition; to provide for related matters; to provide for applicability; to repeal conflicting laws; and for other purposes.