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Legislation


2004 Regular Session

HOUSE BILL 546

File Code: Real Property Crossfiled with: SENATE BILL 863
Sponsored By:
Delegates Bates, Arnick, Aumann, Bartlett, Benson, Boutin, G. Clagett, Costa, C. Davis, Eckardt, Elliott, Feldman, Heller, Hubbard, Krebs, Love, Miller, Minnick, Montgomery, Owings, Petzold, Ross, Stull, Taylor, Trueschler, Vallario, Vaughn, and Weldon
Entitled:
Real Property - Residential Leases - Interest on Security Deposits

Synopsis:

Altering the interest rate paid on a security deposit under a residential lease; requiring the interest rate for a tenancy of 6 months or more to be the Federal Reserve discount rate as of January 1 of each year; requiring a security deposit for a tenancy of less than 6 months to be returned without interest, less any damages rightfully withheld; and providing for the application of the Act.

History by Legislative Date

House Action
2/2
First Reading Environmental Matters
Hearing 2/26 at 1:00 p.m.
3/16
Unfavorable Report by Environmental Matters
Senate Action
No Action
Sponsored by:
Delegate Gail H. Bates, District 9A
Delegate John S. Arnick, District 6
Delegate Susan L. M. Aumann, District 42
Delegate Joseph R. Bartlett, District 4A
Delegate Joanne C. Benson, District 24
Delegate Charles R. Boutin, District 34A
Delegate Galen R. Clagett, District 3A
Delegate Robert A. Costa, District 33B
Delegate Clarence Davis, District 45
Delegate Adelaide C. Eckardt, District 37B
Delegate Donald B. Elliott, District 4B
Delegate Brian J. Feldman, District 15
Delegate Henry B. Heller, District 19
Delegate James W. Hubbard, District 23A
Delegate Susan W. Krebs, District 9B
Delegate Mary Ann E. Love, District 32
Delegate Warren E. Miller, District 9A
Delegate Joseph J. Minnick, District 6
Delegate Karen S. Montgomery, District 14
Delegate George W. Owings, III, District 27B
Delegate Carol S. Petzold, District 19
Delegate Justin D. Ross, District 22
Delegate Paul S. Stull, District 4A
Delegate Herman L. Taylor, Jr., District 14
Delegate John G. Trueschler, District 42
Delegate Joseph F. Vallario, Jr., District 27A
Delegate Michael L. Vaughn, District 24
Delegate Richard B. Weldon, Jr., District 3B
Bill indexed under the following Subjects:
INTEREST
LANDLORD AND TENANT -see also- EVICTION; LEASES & RENT; etc.
SECURITY DEPOSITS
Bill affects the following Statutes:
Real Property
( 8-203 , 8-203 )

Documents:

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