The Act adds language to the Georgia Residential Finance Authority (GRFA) statute permitting the GRFA to issue bonds for two additional types of housing activities. The new bonding authority allows the GRFA to finance home equity conversion mortgages for the elderly and residential facilities for the mentally disabled. Funding limits
The Act amends the title registration requirements allowing title to registered land to be acquired by adverse possession, and by treating registered land as unregistered for purposes of recording and transfer.
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The Act creates a cause of action against manufacturers or suppliers of asbestos for damage to real property. It also extends the statute of limitations for bringing such actions to July 1, 1990 but bars commencement of claims after that date.
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The Act requires that all property on which a landfill is or has been located be properly identified. It also requires the Environmental Protection Division of the Department of Natural Resources to maintain certain landfill records. The Act mandates that deeds conveying an interest in land previously used as a
The Act supersedes previous laws addressing discrimination in the selling, leasing, and financing of housing and establishes new provisions prohibiting housing discrimination. The new provisions are substantially equivalent to the provisions of the federal Fair Housing Act.
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The Act regulates the purchase of property being used as a dwelling place to ensure that the homeowner fully understands that his or her property is being sold, rather than mistakenly believing that the buyer is a lender loaning money to help the homeowner keep the property when he or
The Act created a State Commission on Condemnation of Public Property with the authority to determine when state agencies and authorities may acquire public property by exercise of the power of eminent domain.
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