2003 Regular Session

HOUSE BILL 590

File Code: Real Property Crossfiled with: SENATE BILL 74
Sponsored By:
Delegate McKee
Entitled:
Real Property - Residential Leases - Interest on Security Deposits

Synopsis:

Altering the interest rate paid on a security deposit under a residential lease; requiring the interest rate to be either the statutory rate or the rate paid on the account per annum by the financial institution in which the security deposit is held, whichever rate is less; and providing for the application of the Act.

History by Legislative Date

House Action
2/6
First Reading Environmental Matters
2/12
Hearing 3/6 at 1:00 p.m.
3/17
Unfavorable Report by Environmental Matters
Senate Action
No Action
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 Statutes:
Real Property
( 8-203 , 8-203 )

Documents:

Bill Text: First Reading (PDF), Third Reading, Enrolled
Fiscal Note: Available (PDF)
Amendments: None offered