Document Type

Peach Sheet


The Act amends the procedure for foreclosures in Georgia. The Act provides that a secured creditor provide the borrower with the identity of an individual or entity with full legal authority to modify the terms of the loan. The Act requires the identity of the secured creditor be recorded prior to foreclosure. Notice of the initiation of proceedings to exercise power of sale must be given to the borrower 30 days before the date of the proposed foreclosure.

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