Georgia Good Funds Law

Are you complaint with Georgia’s revised Good Funds Law?  We are! In 2012 the Georgia Legislature revised the Georgia Good Funds Law to require either the lender or a Georgia licensed attorney settle and disburse any Georgia, lender-funded, residential real estate transaction.  Our attorneys and staff can close on any transaction, anywhere in Georgia, in compliance with these new requirements. 

Georgia law (O.C.G.A Section 44-14-13, the "Good Funds" law) requires all funds to be received by the closing attorney in excess of $5,000.00 be “good funds”. Our firm policy is as follows:

  • We will accept personal checks up to $2,000.00
  • For amounts between $2,000.00, up to and including $5,000.00, a Cashier’s Check issued by a local or national bank or credit union will be accepted.
  • For amounts more than $5,000.00 our firm requires funds be transmitted to us by wire.