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Legislation


2005 Regular Session

HOUSE BILL 970

File Code: Real Property
Sponsored By:
Delegate McMillan
Entitled:
Real Property - Residential Leases - Interest on Security Deposits

Synopsis:

Changing the interest rate paid on a security deposit under a residential lease from 3 percent per annum to the rate paid on a specified date by the financial institution holding the deposit; and applying the Act prospectively.

History by Legislative Date

House Action
2/10
First Reading Environmental Matters
2/11
Hearing 2/24 at 1:30 p.m.
2/24
Hearing cancelled
Hearing 3/3 at 1:00 p.m.
3/21
Unfavorable Report by Environmental Matters
Senate Action
No Action

Bill indexed under the following Subjects:

INTEREST
LANDLORD AND TENANT -see also- EVICTION; LEASES & RENT; etc.
LEASES AND RENT
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
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