2006 Regular Session

SENATE BILL 974

File Code: Real Property Prior Year Introduction As: HB 686/03 - ENV Crossfiled with: HOUSE BILL 1620
Sponsored By:
Senators Stone, Garagiola, Giannetti, and Haines
Entitled:
Real Property - Residential Leases - Surety Bonds in Lieu of Security Deposits

Synopsis:

Authorizing a tenant to purchase a surety bond in lieu of paying all or part of a security deposit to a landlord for the purpose of providing specified protection to the landlord; providing that the amount of a surety bond, or the aggregate amount of a surety bond and a security deposit, may not exceed a specified sum; specifying the claims for which a surety bond may be used; establishing the rights and responsibilities of a tenant, landlord, and a surety under the Act; etc.

History by Legislative Date

Senate Action
2/23
First Reading Senate Rules
3/3
Re-referred Judicial Proceedings
3/8
Hearing 3/21 at 1:00 p.m.
House Action
No Action

Sponsored by:

Senator Norman R. Stone, Jr., District 6
Senator Rob Garagiola, District 15
Senator John A. Giannetti, Jr., District 21
Senator Larry E. Haines, District 5

Bill indexed under the following Subjects:

BONDS -see also- COUNTY & BALTIMORE CITY BONDS; STATE BONDS.
DISCLOSURE
LANDLORD AND TENANT -see also- EVICTION; LEASES & RENT; etc.
LEASES AND RENT
NOTICES
SECURITY DEPOSITS

Bill affects the following Statute:

Real Property
( 8-203 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled
Fiscal Note (Displayed in PDF Format): Available
Amendments: None offered