2009 Regular Session

HOUSE BILL 928

File Code: Real Property Prior Year Introduction As: HB 744/05 - ENV
Sponsored By:
Delegates Weir and Boteler
Entitled:
Real Property - Residential Leases - Interest on Security Deposits

Synopsis:

Altering, from 3 percent to the Federal Reserve discount rate as of January 1 of each year, the annual interest rate paid on a security deposit under a residential lease after the end of a tenancy; altering, from 3 percent or the Federal Reserve discount rate, whichever is less, as of January 1 of each year, the annual interest rate paid on a security deposit prior to the termination of a tenancy; and altering, from 6 months to 12 months, the interval at which interest accrues on a security deposit under a residential lease.

History by Legislative and Calendar Date

Legislative date is used to record history occurring in the Chambers otherwise Calendar date is used.
House Action
2/12
First Reading Environmental Matters
2/13
Hearing 3/12 at 1:00 p.m.
3/28
Unfavorable Report by Environmental Matters
Senate Action
No Action

Sponsored by:

Delegate Michael H. Weir, Jr., District 6
Delegate Joseph C. Boteler, III, District 8

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 Statutes:

Real Property
( 8-203 , 8-203 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled
Fiscal and Policy Note (Displayed in PDF Format): Available
Amendments: None offered