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Form 14950 MS: What You Should Know

G.S. 130E-4) In all cases, property owners have the right to make their own assessments on the value of their property, and to sell what they do not need without penalty.  Prospective buyers of property are required to complete and pay for a Property Disposition Notice before selling the property, and when property is sold, the proceeds of the sale do not have to be refunded to the buyer unless the buyer requests a refund and if the property sold is more than twenty years old and does not meet Georgia's definition. Georgia's Consumer Protection Act of 2006 The new Georgia Consumer Protection Act requires all Georgia residents to disclose certain personal information (not necessarily their Social Security number) in purchase and disclosure documents for all financial services (credit, mortgages, savings accounts, and auto loans) or consumer goods and services.   This is an updated version of material contained in an earlier piece on this website entitled Personal Information Disclosure: A Guide for Georgia Consumers For the complete article, click here.

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