Plain English Breakdown
The bill has passed both chambers, but the effective date is currently blank in the provided metadata.
End Corporate Ownership of Georgia Homes Act
This bill requires corporations to report how many single-family homes they own in Georgia and makes those reports available on a public website.
What This Bill Does
- Requires corporations to count the number of single-family dwellings they own.
- Mandates that these counts be submitted as annual reports to the state auditor.
- Creates a public portal where people can view these ownership reports.
- Sets up fines for corporations that do not follow the reporting rules.
Who It Names or Affects
- Corporations that own single-family homes in Georgia
- The state auditor's office, which receives and manages the reports
Limits and Unknowns
- The specific amount of the fine is not listed in the summary.
- The exact date this law takes effect is not provided in the available text.