state_legiscan_drain · GA
Property; debtor's aggregate interest in real property or personal property used as a residence; revise exemption
January 27, 2026
Summary
If enacted, this bill would revise the Georgia homestead exemption under Code Section 44-13-100, adjusting the amount a debtor can protect in a residence (including a spouse's primary residence) in bankruptcy or insolvent estates. Lenders, credit unions, and servicers may see higher equity protection limits for borrowers, potentially reducing recoveries in bankruptcy or foreclosure.
AI-generated summary · Jun 21, 2026. Verify with your compliance counsel before acting.
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Source: https://www.legis.ga.gov/legislation/72354
Common questions
- What does "Property; debtor's aggregate interest in real property or personal property used as a residence; revise exemption" cover?
- If enacted, this bill would revise the Georgia homestead exemption under Code Section 44-13-100, adjusting the amount a debtor can protect in a residence…
- When was it published?
- It was published on January 27, 2026.