HOUSE BILL 970

File Code: Real Property

Sponsored By:

Delegate McMillan

Entitled:

Real Property - Residential Leases - Interest on Security Deposits

Synopsis:

Changing the interest rate paid on a security deposit under a residential lease from 3 percent per annum to the rate paid on a specified date by the financial institution holding the deposit; and applying the Act prospectively.

History by Legislative Date

House Action

2/10

First Reading Environmental Matters

2/11

Hearing 2/24 at 1:30 p.m.

2/24

Hearing cancelled

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

3/21

Unfavorable Report by Environmental Matters

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 (Displayed in PDF Format): First Reading, Third Reading, Enrolled

Fiscal Note (Displayed in PDF Format): Available

Amendments: None offered