The Georgia Court of Appeals recently affirmed a trial court’s dismissal of a county’s claim on developer bonds based on its failure to exhaust administrative remedies. Douglas County v. Hamilton State Bank, — Ga. App. –, A16A1708 (Mar. 16, 2017). Specifically, because the bank was under FDIC receivership, the County was required to pursue administrative remedies under the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (the “Act”).
Local Government’s Claims on Developer Bonds Dismissed for Failure to Pursue Administrative Remedies
March 22, 2017
David R. Cook - Autry, Hanrahan, Hall & Cook, LLP
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