Georgia Code
Part 2 - Conduct and Effect
§ 9-13-172.1. “Eligible Sale” Defined; Recision of Sale; Damages

the damages that may be awarded to the purchaser in any civil action shall be limited solely to the amount of the bid funds tendered at the sale plus interest on the funds at the rate of 18 percent annually, calculated daily. Notwithstanding any other provision of law, specific performance shall not be a remedy available under this Code section.
History. Code 1981, § 9-13-172.1 , enacted by Ga. L. 2003, p. 413, § 1; Ga. L. 2021, p. 922, § 9/HB 497.
The 2021 amendment, effective May 10, 2021, part of an Act to revise, modernize, and correct the Code, substituted “rescission” for “recision” twice in subsection (b).
Code Commission notes.
Pursuant to Code Section 28-9-5, in 2003, “usual” was substituted for “ususal” in subsection (a).
Law reviews.
For survey article on real property law for the period from June 1, 2002 to May 31, 2003, see 55 Mercer L. Rev. 397 (2003).
For annual survey on real property, see 64 Mercer L. Rev. 255 (2012).

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