2003 Regular Session

HOUSE BILL 217

File Code: Real Property Crossfiled with: SENATE BILL 436
Sponsored By:
Delegates Barkley and Amedori
Entitled:
Real Property - Residential Leases - Interest on Security Deposits

Synopsis:

Altering the interest rate paid on a security deposit under a residential lease at the end of a tenancy from 4 percent per annum to the passbook rate at the financial institution in which the security deposit is held; altering the interest rate paid on a security deposit under a residential lease when an evicted or ejected tenant makes a timely written demand for return of the security deposit; and requiring the interest rate to be adjusted on January 1 and July 1 of each year.

History by Legislative Date

House Action
1/29
First Reading Environmental Matters
1/31
Hearing 2/13 at 1:00 p.m.
3/17
Unfavorable Report by Environmental Matters
Senate Action
No Action
Sponsored by:
Delegate Charles E. Barkley, District 39
Delegate Carmen Amedori, District 5A
Bill indexed under the following Subjects:
EVICTION
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