HB1222: HB1222 Property; regulation of specialized land transactions; provide issuance of statements of accounts

Under current Georgia law, buyers, lenders, and unit or lot owners can request a statement from a condominium or homeowners' association showing unpaid assessments, but the rules for what that statement must include and how fast it must arrive are thin. HB 1222 rewrites this process for condominiums (O.C.G.A. § 44-3-109), property owners' associations (O.C.G.A. § 44-3-232), and, for the first time, smaller subdivisions of 15 or more lots that are not formally organized under either existing law. The bill requires associations to issue a 'statement of account' within ten business days of a request, spells out exactly what information it must contain (amounts owed, due dates, violations, insurance info, and more), gives the statement a 30 day effective period, and caps the fee an association's agent can charge at $250 (plus $50 for rush service). If an association understates what is owed, it cannot later collect the difference from a buyer who relied on the statement in good faith. The changes would not apply to contracts signed before July 1, 2026, until those contracts expire or are first renewed.

• Creates a new standardized 'statement of account' process for condominium associations, homeowners' associations, and certain unincorporated subdivisions of 15 or more lots.
• Requires associations to respond to a written or electronic request for a statement of account within ten business days and specifies how requests and statements can be delivered.
• Lists detailed required contents for the statement, including assessment amounts, due dates, violations, attorney contact information if delinquent, and insurance information.
• Caps the fee an association's authorized agent may charge for preparing the statement at $250, plus an optional $50 fee for expedited service within three business days.
• Protects buyers and lenders who rely in good faith on an incorrect statement by extinguishing the association's lien for any incorrectly disclosed or omitted amount.
• Limits the new rules so they do not apply to contracts signed before July 1, 2026, until those contracts expire or are first renewed.

Condominium unit owners, homeowners' association members, and residents of smaller unincorporated subdivisions of 15 or more lots in Georgia, along with the associations and management companies that run them, mortgage lenders, real estate buyers, and attorneys handling delinquent accounts.

Homebuyers and lenders often need to know how much an association is owed before closing a sale. This bill sets firm deadlines, required content, and fee limits for that information, and shields buyers from surprise debts if an association's statement turns out to be wrong.

• Section 3 adds new O.C.G.A. § 44-3-109.1, requiring condominium associations to issue a statement of account within ten business days containing detailed assessment and property information.
• Section 6 adds a nearly identical new O.C.G.A. § 44-3-232.2 for property owners' associations under the Georgia Property Owners' Association Act.
• Section 7 adds new O.C.G.A. § 44-3-251, extending the same statement of account requirements to unincorporated common interest communities of 15 or more lots that require mandatory assessments.
• Sections 3, 6, and 7 each cap the preparation fee at $250, allow a $50 rush fee, and bar charging the requester directly for the statement.
• Sections 3, 6, and 7 give statements a 30 day effective period and allow amended statements if a mistake is found before a sale or refinancing closes.
• Sections 1 and 4 update cross-references in existing law so grantee liability protections point to the new statement of account sections.
• Section 9 states the changes do not apply to contracts signed before July 1, 2026, until those contracts expire or are first renewed.

1. 2026-02-18House Committee Favorably Reported By Substitute (House)
2. 2026-02-09House Second Readers (House)
3. 2026-02-06House First Readers (House)
4. 2026-02-05House Hopper (House)

• Regina Lewis-Ward (D, HD-115)Primary sponsor
• Alan Powell (R, HD-033)
• Carolyn Hugley (D, HD-141)
• Dale Washburn (R, HD-144)
• Billy Mitchell (D, HD-088)
• Clint Crowe (R, HD-118)

• homeowners associations
• condominiums
• property law
• real estate closings
• HOA fees