File Code: Real Property
- Sponsored By:
-
Delegate Bates
- Entitled:
-
Real Property - Residential Leases - Interest on Security Deposits
Altering, from 3 percent to the Federal Reserve discount rate as of
January 1, the annual interest rate paid on a security deposit under a
residential lease after the end of a tenancy; altering, from 3 percent
to the lesser of 3 percent or the Federal Reserve discount rate as of
January 1, 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.
House Action
- 2/9
- First Reading Environmental Matters
- 2/8
- Hearing 2/24 at 1:00 p.m.
- 2/9
- Hearing cancelled
- Hearing 2/24 at 1:30 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 Statutes:
- Real Property
- (
8-203 ,
8-203
)
- Bill Text (Displayed in PDF Format):
First Reading,
Third Reading, Enrolled
- Fiscal Note (Displayed in PDF Format):
Available
- Amendments:
None offered
