Legislation

Title: Real Property - Residential Leases - Interest on Security Deposits
Sponsored by: Senators Peters, Brochin, Colburn, DeGrange, Getty, Kittleman, Manno, Muse, Raskin, Shank, Stone, and Zirkin
Status: In the Senate - Unfavorable Report by Judicial Proceedings
Analysis: Fiscal and Policy Note

Synopsis

Changing the interest rate paid on a security deposit at the end of a tenancy under a residential lease or by a mobile home park owner and when an evicted or ejected tenant makes a timely written demand for return of the security deposit from 3% per annum to the daily U.S. Treasury yield curve rate for 1 year, as of the first business day of each year, or 1.5%, whichever is greater; requiring the Department of Housing and Community Development to maintain on its Web site a specified list or calculator; applying the Act prospectively; etc.

Committees

Original:: Judicial Proceedings Click to view Recorded Media

Opposite:

Details

Cross-filed with: HB0045

Introduced in a prior session as: SB0361 Session: 2012 Regular Session

Bill File Type: Regular

Effective Date(s): January 1, 2014

History

Legislation History
Chamber Senate Calendar Date 1/23/2013 Legislative Date 1/24/2013 Action First Reading Judicial Proceedings Proceedings
Chamber Senate Calendar Date 1/30/2013 Legislative Date 1/30/2013 Action Hearing 2/05 at 1:00 p.m. Proceedings
Chamber Senate Calendar Date 3/11/2013 Legislative Date 3/11/2013 Action Unfavorable Report by Judicial Proceedings Proceedings

Chamber	Calendar Date	Legislative Date	Action
Senate	1/23/2013	1/24/2013	First Reading Judicial Proceedings
Senate	1/30/2013	1/30/2013	Hearing 2/05 at 1:00 p.m.
Senate	3/11/2013	3/11/2013	Unfavorable Report by Judicial Proceedings

Documents

Date Posted	Document Name
1/24/2013	Text - First - Real Property - Residential Leases - Interest on Security Deposits
3/11/2013	Vote - Senate - Committee - Judicial Proceedings

File Code

Subjects

Statutes