Georgia’s New HOA & Condo Law: What Changed July 1—and What Changes in 2027

Georgia’s new HOA and condo law, Act 715, is bringing major changes for community associations across the state. While most of the law takes effect on **January 1, 2027**, one important section affecting collections and attorney fees has already been in effect since July 1, 2026. In this video, Joe Braun, founder of Solume, breaks down what Georgia HOA and condo board members need to know about Act 715, formerly known as Senate Bill 406 (SB 406) or the Georgia Property Owners’ Bill of Rights. We cover the new requirements surrounding HOA collections, attorney fees, Secretary of State registration, financial record retention, foreclosure thresholds, homeowner payments, assessments, fines, and the steps boards should begin taking now to prepare for January 2027. Among the major changes discussed: • New requirements before an HOA can recover attorney fees from a delinquent homeowner • A required 30-day opportunity for an owner to cure a delinquency • Restrictions on accelerated assessments • Mandatory HOA and condo association registration with the Georgia Secretary of State • A 10-year financial records retention requirement • Changes to the foreclosure threshold for associations subject to the Georgia Property Owners’ Association Act • A requirement that homeowner payments be applied to assessments before fines and other fees • New documentation and compliance responsibilities for Georgia HOA and condo boards For POA Act associations, the new foreclosure threshold becomes the lesser of $4,000 in unpaid assessments or one year of regular assessments. Fines, late fees, attorney fees, and other charges do not count toward that assessment threshold. Boards should also review their current collection and demand-letter procedures now. The attorney-fee provisions took effect July 1, 2026, and can affect an association’s ability to recover legal fees if the new statutory requirements are not followed. ▶️ Previous video on Georgia SB 406 / Act 715:    • New Georgia HOA Law   🏘️ Learn more about Solume: https://solume.com Solume is an all-in-one HOA and condo management system designed to help boards organize community records, track assessments and payments, document decisions, maintain governing documents, monitor compliance requirements, and preserve an internal audit trail even when board members, property managers, or management companies change. CHAPTERS 00:00 Georgia Act 715: What HOA Boards Need to Know 00:29 The Part of Act 715 Already in Effect 00:58 Previous SB 406 / Act 715 Update 01:09 About Solume 01:42 What Is Georgia Act 715? 02:02 Why the Law Passed 02:23 The Four Major Changes 03:08 July 1, 2026 Collection Changes 03:42 New Attorney Fee Requirements 04:28 Payments and Accelerated Assessments 05:04 Why HOA Collection Practices Are Changing 05:15 What Your Board Should Ask Its Attorney 05:38 What Changes January 1, 2027 06:03 Mandatory Secretary of State Registration 06:29 10-Year Financial Record Retention 06:58 New $4,000 Foreclosure Threshold 07:54 How Homeowner Payments Must Be Applied 08:28 Governing Documents May Need Updating 09:12 What Your HOA Board Should Do Now 09:44 Preparing Your Association’s Records 11:11 How Solume Helps Georgia HOAs Prepare 11:37 Legal Disclaimer This video is intended as a practical educational summary and does not constitute legal advice. How Act 715 applies to a specific association may depend on its governing documents, legal structure, and individual circumstances. Georgia HOA and condo boards should consult their association attorney regarding compliance. #GeorgiaHOA #Act715 #GeorgiaHOALaw #SB406 #HOABoard #HOAManagement #CondoAssociation #HOACompliance #PropertyOwnersAssociation #Solume