1997 Regular Session

SENATE BILL 292

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

Synopsis:

Altering the interest rate paid on a security deposit under a residential lease from 4 percent per annum to the passbook rate then prevailing in the financial institution where the security deposit is being held; requiring the interest rate under the Act to be adjusted on January 1 and July 1 of each year; requiring a landlord to provide a tenant with the name of the financial institution holding the tenant's security deposit if the tenant requests the information in writing; etc.

Legislative History

Senate Action
1/23
First Reading Judicial Proceedings
1/29
Hearing 2/11 at 1:00 p.m.
2/19
Unfavorable Report by Judicial Proceedings
House Action
No Action
Bill indexed under the following Subjects:
FINANCIAL INSTITUTIONS -see also- BANKS & TRUST CO; CREDIT U
INTEREST
LANDLORD AND TENANT -see also- EVICTION; LEASES AND RENT
LEASES AND RENT -see also- EVICTION
SECURITY DEPOSITS
Bill affects the following Statute:
Real Property
( 8-203 )

Documents:

Bill Text:
First Reading (PDF), Third Reading, Enrolled
Fiscal Note: Available (PDF)