File Code: Real Property
- Sponsored By:
-
Senator Craig
- Entitled:
-
Real Property - Residential Leases - Interest on Security Deposits
Altering the interest rate paid on a security deposit under a
residential lease from 4 percent per annum to the passbook rate then
prevailing in the financial institution where the security deposit is
being held; requiring the interest rate under the Act to be adjusted
on January 1 and July 1 of each year; requiring a landlord to provide
a tenant with the name of the financial institution holding the
tenant's security deposit if the tenant requests the information in
writing; etc.
Senate Action
- 1/23
- First Reading Judicial Proceedings
- 1/29
- Hearing 2/11 at 1:00 p.m.
- 2/19
- Unfavorable Report by Judicial Proceedings
House Action
- No Action
- Bill indexed under the following Subjects:
- FINANCIAL INSTITUTIONS -see also- BANKS & TRUST CO; CREDIT U
- INTEREST
- LANDLORD AND TENANT -see also- EVICTION; LEASES AND RENT
- LEASES AND RENT -see also- EVICTION
- SECURITY DEPOSITS
- Bill affects the following Statute:
- Real Property
- (
8-203
)
- Bill Text:
- First Reading (PDF),
Third Reading, Enrolled
- Fiscal Note:
Available (PDF)
