2002 Regular Session

HOUSE BILL 996

File Code: Real Property Prior Year Introduction As: HB 75/00 - ECM
Sponsored By:
Delegates Barkley and 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
2/8
First Reading Economic Matters
2/11
Hearing 2/20 at 1:00 p.m.
3/4
Unfavorable Report by Economic Matters
Senate Action
No Action
Sponsored by:
Delegate Charles E. Barkley, District 39
Delegate Thomas E. "Tim" Hutchins, District 28
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