2003 Regular Session

SENATE BILL 74

File Code: Real Property Crossfiled with: HOUSE BILL 590
Sponsored By:
Senators Stone and Della
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

Senate Action
1/20
First Reading Judicial Proceedings
Hearing 1/30 at 1:00 p.m.
1/23
Hearing cancelled
Hearing 2/4 at 1:00 p.m.
2/10
Unfavorable Report by Judicial Proceedings
House Action
No Action
Sponsored by:
Senator Norman R. Stone, Jr., District 6
Senator George W. Della, Jr., District 46
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