2011-2012 Regular Session - SB 466
Mortgages, Liens, Security; provide for lenders to give notice to contractors; construction loan is nearing default; definitions; procedures
First Reader Summary
A BILL to be entitled an Act to amend Chapter 14 of Title 44 of the Official Code of Georgia Annotated, relating to mortgages, conveyances to secure debt, and liens, so as to provide for lenders to give notice to contractors when a construction loan is nearing default; to provide for definitions; to provide for procedures and limitations; to provide for related matters; to provide for an effective date; to repeal conflicting laws; and for other purposes.
Feb/21/2012 - Senate Read and Referred
Feb/17/2012 - Senate Hopper