Escrow of deposits or other payments made prior to closing
- Statute:
- Georgia §44-3-112 · Article GCA (Georgia Condominium Act (O.C.G.A. §§ 44-3-70 to 44-3-117))
- Topic:
- Resale · Escrow
- Applies to:
- Condo associations
Deposits on the first bona fide residential sale must be escrowed as this section requires until closing or until the contract is lawfully terminated.
📄 Read the official text at legis.ga.gov →
How SoShiny helps with Escrow of deposits or other payments made prior to closing
SoShiny is built around the Florida statutes from day one. The features that help you comply with this section are part of every plan — no add-ons, no per-document fees.
See the feature → Start freeFrequently asked
- What does Georgia §44-3-112 require?
- Deposits on the first bona fide residential sale must be escrowed as this section requires until closing or until the contract is lawfully terminated.
- Who does Georgia §44-3-112 apply to?
- Georgia §44-3-112 applies to Condo associations in Georgia.
- What happens if our condo doesn't comply with §44-3-112?
- Non-compliance can expose the association and individual directors to disputes in the governing forum for Georgia community associations. SoShiny's audit trail and documented workflows are designed to demonstrate good-faith compliance.
- Where can I read the official text of Georgia §44-3-112?
- The official text is published by the Georgia General Assembly at legis.ga.gov. The summary on this page is for plain-English reference only and is not legal advice.
- How does SoShiny help with Escrow of deposits or other payments made prior to closing?
- SoShiny is built around the Florida statutes from day one. The features that help you comply with this section are part of every plan — no add-ons, no per-document fees. Learn more →
Not legal advice. This page is a plain-English summary of Georgia §44-3-112 prepared by SoShiny for board members and managers. For binding legal advice or interpretation, consult a Georgia-licensed attorney. For the official statutory text, see the link above.
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