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Legislation


2004 Regular Session

HOUSE BILL 828

File Code: Real Property
Sponsored By:
Delegate Owings
Entitled:
Real Property - Residential Leases - Security Deposits

Synopsis:

Providing that security deposits under a residential lease are free from any attachment by creditors of the landlord or the tenant; altering the annual interest rate paid, from 4% to 2%, on a security deposit under a residential lease at the end of a tenancy and prior to the end of a tenancy under specified circumstances; altering the rate of accrual, from 6-month to 12-month intervals, for interest paid on a security deposit under a residential lease; and applying the Act prospectively.

History by Legislative Date

House Action
2/9
First Reading Environmental Matters
Hearing 3/4 at 1:00 p.m.
2/27
Hearing cancelled
Hearing 3/4 at 2:30 p.m.
3/9
Withdrawn
Senate Action
No Action
Bill indexed under the following Subjects:
ATTACHMENTS AND GARNISHMENTS
DEBT COLLECTION -see also- ATTACHMENTS AND GARNISHMENTS
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: First Reading (PDF), Third Reading, Enrolled
Fiscal Note: Available (PDF)
Amendments: None offered
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