All deeds under power shall contain recitals setting forth the giving of notice in compliance with Code Section 44-14-162.2. The effect of such recitals shall be to protect the validity of the title of any subsequent purchaser in good faith other than the lender.
History. Ga. L. 1981, p. 834, § 2; Ga. L. 2012, p. 1079, § 2/SB 333.
The 2012 amendment, effective July 1, 2012, deleted “or a statement of the facts which render the same inapplicable thereto, which facts may include, without limitation, the nonresidential character of the property” at the end of the first sentence. See Editor’s notes for applicability.
Editor’s notes.
Ga. L. 2012, p. 1079, § 3/SB 333, not codified by the General Assembly, provides that: “This Act shall become effective on July 1, 2012, and shall apply to sales made on foreclosure under power of sale executed on or after July 1, 2012.
Structure Georgia Code
Chapter 14 - Mortgages, Conveyances to Secure Debt, and Liens
§ 44-14-160. Filing of Foreclosure and Deed Under Power; Penalty for Late Payment
§ 44-14-162.1. “Debtor” Defined
§ 44-14-162.2. Mailing or Delivery of Notice to Debtor; Procedure
§ 44-14-162.3. Waiver or Release of Notice Requirement
§ 44-14-162.4. Recitals in Deeds as to Meeting of Notice Requirement
§ 44-14-163. Vacation of Certain Judgments Prior to Sale; Jurisdiction, Power, and Authority
§ 44-14-165. Vacation of Certain Judgments Prior to Sale; Effect