File Code: Real Property
- Sponsored By:
-
Senator Klausmeier
- Entitled:
-
Real Property - Residential Leases - Interest on Security Deposits
Authorizing a landlord to set the rate at which simple interest
accrues on a security deposit of a tenant under a residential lease to
be 3 percent per annum or 1 percentage point below the Federal Reserve
Board discount rate; requiring the rate set by the landlord to be
stated in the tenant's written lease; requiring simple interest to
accrue on a security deposit in the amount of 3 percent per annum if
the rate at which simple interest accrues on a security deposit is not
stated in the tenant's written lease; etc.
Legislative date is used to record
history occurring in the Chambers
otherwise Calendar date is used.
Senate Action
- 2/4
- First Reading Judicial Proceedings
- Hearing 2/16 at 1:00 p.m.
- 2/9
- Hearing cancelled
- Hearing 2/22 at 1:00 p.m.
House Action
- No Action
Bill indexed under the following Subjects:
- Disclosure
- 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
)
All documents except Roll Call Votes are
displayed in PDF format:
- Bill Text:
First Reading,
Third Reading, Enrolled
- Fiscal and Policy Note:
Available
- Amendments:
None offered