HOUSE BILL 75

File Code: Real Property

Sponsored By:

Delegate Hutchins

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 to be adjusted on January 1 and July 1 of each year; etc.

History by Legislative Date

House Action

11/3

Pre-filed

1/12

First Reading Economic Matters

1/24

Hearing 2/3 at 1:00 p.m.

2/14

Withdrawn

Senate Action

No Action

Bill indexed under the following Subjects:

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