Every instrument conveying, encumbering, or creating a lien upon real estate shall set forth in words and figures the correct amount of the note secured by the instrument and the date upon which the note falls due. When the note falls due within three years from the date of the note or from the date of any instrument executed to secure the note, a statement of that fact in lieu of specifying the date upon which the note falls due may be made in the security instrument and shall constitute sufficient compliance with this Code section. The inclusion in the instrument of a provision that the instrument secures all other indebtedness then existing or thereafter incurred shall not require the setting forth in the instrument of existing indebtedness for loans not made on the security of the instrument.
History. Ga. L. 1953, Nov.-Dec. Sess., p. 379, § 6; Ga. L. 1955, p. 293, § 1; Code 1933, § 91A-3204, enacted by Ga. L. 1978, p. 309, § 2; Ga. L. 1990, p. 1843, § 4.
Structure Georgia Code
Title 48 - Revenue and Taxation
Chapter 6 - Taxation of Intangibles
Article 3 - Intangible Recording Tax
§ 48-6-66. Showing Correct Amount and Due Date on Instruments Encumbering or Conveying Real Estate
§ 48-6-67. Violation of Code Section 48-6-66; Penalty
§ 48-6-68. Bond for Title in Absence of Security Deed; Recording and Tax
§ 48-6-72. Collection and Distribution of Revenues
§ 48-6-75. Collection Procedures in Absence of Collecting Officer