Legislation

Title: Residential Rental Properties and Mobile Home Parks - Security Deposits - Rate of Interest
Sponsored by: Delegates Novotny and Arentz
Status: In the House - Unfavorable Report by Environment and Transportation
Analysis: Fiscal and Policy Note

Synopsis

Altering the calculation of simple interest on security deposits held by a residential landlord or a mobile home park owner and owed to a residential tenant or mobile home park resident by repealing the requirement that interest be calculated at a rate of 1.5% per year if that percentage exceeds the U.S. Treasury yield curve rate.

Committees

Original:: Environment and Transportation Click to view Recorded Media

Committee Testimony

Witness List

Details

Bill File Type: Regular

Effective Date(s): October 1, 2022

History

Legislation History
Chamber House Calendar Date 1/19/2022 Legislative Date 1/19/2022 Action First Reading Environment and Transportation Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Residential Rental Properties and Mobile Home Parks - Security Deposits - Rate of Interest Proceedings
Chamber House Calendar Date 1/25/2022 Legislative Date 1/25/2022 Action Hearing 2/08 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Vote - House - Committee - Environment and Transportation Proceedings Click to view Recorded Media
Chamber House Calendar Date 3/07/2022 Legislative Date 3/07/2022 Action Unfavorable Report by Environment and Transportation Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
House	1/19/2022	1/19/2022	First Reading Environment and Transportation
			Text - First - Residential Rental Properties and Mobile Home Parks - Security Deposits - Rate of Interest
House	1/25/2022	1/25/2022	Hearing 2/08 at 1:00 p.m.
			Vote - House - Committee - Environment and Transportation	Click to view Recorded Media
House	3/07/2022	3/07/2022	Unfavorable Report by Environment and Transportation

File Code

Subjects

Statutes