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Georgia General Assembly > Legislation
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2011-2012 Regular Session - HB 338
Neighborhood Stabilization Act; or NEST Act; enact
Sponsored By
First Reader Summary
A BILL to be entitled an Act to amend Title 44 of the Official Code of Georgia Annotated, relating to property, so as to extensively revise and enact provisions relating to the creation, transfer, modification, and foreclosure of mortgages and deeds to secure debt as well as other documents creating security interests; to provide a short title; to regulate the transfer of security interests; to require recording as condition of foreclosure; to provide for a minimum period of delinquency before foreclosure and other proceedings may be commenced; to provide that creditors must provide owners of residential property with a right to cure and a notice of such right prior to commencing foreclosure proceedings; to repeal conflicting laws; and for other purposes.
Status History
Feb/28/2011 - House Second Readers
Feb/24/2011 - House First Readers
Feb/23/2011 - House Hopper