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Washington Foreclosure Fairness Act Disclosure

Washington has passed Senate Bill 5686 (“S.B. 5686”) to expand the state’s foreclosure mediation program. The bill includes several key provisions that are intended to help homeowners facing potential foreclosure. It introduces a new process for condominium owners to receive assistance when they are at risk of foreclosure due to unpaid homeowner association (“HOA”) assessments.  S.B.

Georgia HB 586 Amends Intangible Recording Tax Law

Georgia recently passed House Bill 586 ("H.B. 586) to amend definitions under Georgia Annotated Code, Title 48, Chapter 6, Article 3, relating to intangible recording tax. In Georgia, an intangible recording tax is an excise tax collected on “long-term notes secured by real estate.”  The tax is collected by the Clerk of the Superior Court at the time the security instrument is recorded.

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