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HB555Introduced in the House

Georgians First Residential Property Protection Act; enact

Introduced

Introduced by Derrick McCollum, District 30

What does this bill do?

Plain-English breakdown

Writing a plain-English summary of this bill… this can take a few seconds the first time.

Official description

A BILL to be entitled an Act to amend Chapter 3 of Title 44 of the Official Code of Georgia Annotated, relating to regulation of specialized land transactions, so as to prohibit business enterprises from owning an interest in more than 2,000 single-family residential properties or ten multifamily residential properties; to provide for the forfeiture of rental payments paid in connection with an unlawful lease of residential property; to provide a private cause of action for the return of rental payments paid in connection with an unlawful lease of residential property; to provide for the disclosure of information by brokers; to provide an effective date; to provide a short title; to provide for related matters; to repeal conflicting laws; and for other purposes.

Where it stands

House Withdrawn, Recommitted

April 4, 2025

How did lawmakers vote?

No recorded vote is available for this bill yet.

Bill history

  1. House Hopper

  2. House First Readers

  3. House Second Readers

  4. House Committee Favorably Reported By Substitute

  5. House Withdrawn, Recommitted

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