HOA Closing Letters + Fees

Recently legislation was introduced in Georgia to limit the amount that HOA management companies can charge for providing a statement of account in a real estate closing.  Currently the law allows a $10 fee for providing the letter, but most HOA management companies charge additional fees for a statement of account.  Windward charges $240 as an "account setup fee" and $10 for the closing letter.  The new legislation would have limited the total charges to $150.  Although the bill passed both the GA House and Senate, Governor Deal vetoed it.  So if you are buying or selling a home, check the Community Disclosure document carefully to make sure the fees are properly disclosed and which party has to pay them!