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2014 Regular Session



Real Property - Residential Leases - Interest on Security Deposits

Sponsored by:

Senator Young


In the Senate - Unfavorable Report by Judicial Proceedings

Synopsis:Changing the interest rate paid on a security deposit under a residential lease from 3% per annum to the daily U.S. Treasury yield curve rate for 1 year as of the first business day of each year or 1.5%, whichever is greater; requiring the Department of Housing and Community Development to maintain a specified list on its Web site; applying the Act prospectively; etc.
Analysis:Fiscal and Policy Note
All Sponsors:Senator Young
Additional Facts:Introduced in a prior session as: SB0194 Session: 2012 Regular Session
Bill File Type: Regular
Effective Date(s): January 1, 2015
Judicial Proceedings   View Committee Hearing
Broad Subject(s):Real Property
Narrow Subject(s):Electronic Government
Housing and Community Development, Department of
Landlord and Tenant -see also- Eviction; Leases & Rent; etc.
Leases and Rent
Security Deposits

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October 24, 2017 1:56 P.M.