Georgia Senate Bill 403 was enacted on May 5, 2026. The introduced version of this bill addressed virtual currency. However, the final enacted version of the bill removed the virtual currency provisions. What remains are changes to due diligence as follows:
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In addition to written due diligence, email due diligence is now required for property where the owner has agreed to receive electronic communications.
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For properties with a value over $10,000, mailed letters must be sent by certified mail.
This law is effective on July 1, 2026, and will therefore impact Fall 2026 reporting.
