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Legislation


2011 Regular Session

SENATE BILL 429

File Code: Real Property
Sponsored By:
Senator Klausmeier
Entitled:
Real Property - Residential Leases - Interest on Security Deposits

Synopsis:

Authorizing a landlord to set the rate at which simple interest accrues on a security deposit of a tenant under a residential lease to be 3 percent per annum or 1 percentage point below the Federal Reserve Board discount rate; requiring the rate set by the landlord to be stated in the tenant's written lease; requiring simple interest to accrue on a security deposit in the amount of 3 percent per annum if the rate at which simple interest accrues on a security deposit is not stated in the tenant's written lease; etc.

History by Legislative and Calendar Date

Legislative date is used to record history occurring in the Chambers otherwise Calendar date is used.
Senate Action
2/4
First Reading Judicial Proceedings
Hearing 2/16 at 1:00 p.m.
2/9
Hearing cancelled
Hearing 2/22 at 1:00 p.m.
House Action
No Action

Bill indexed under the following Subjects:

Disclosure
Interest
Landlord and Tenant -see also- Eviction; Leases & Rent; etc.
Leases and Rent
Security Deposits

Bill affects the following Statutes:

Real Property
( 8-203 , 8-203 )

Documents

All documents except Roll Call Votes are displayed in PDF format:
Bill Text: First Reading, Third Reading, Enrolled
Fiscal and Policy Note: Available
Amendments: None offered
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