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)