SENATE BILL 649

Sponsored By:

Senators Haines and Giannetti

Entitled:

Residential Leases - Surety Bonds in Lieu of Security Deposits

Synopsis:

Authorizing a tenant to purchase a surety bond in lieu of paying a security deposit to a landlord to offer specified protection to a landlord; providing that a tenant who chooses to purchase a surety bond in lieu of paying a security deposit shall have specified rights; requiring a landlord to advise a tenant in writing of the tenant's rights at the time of the payment by the tenant of the premium for the surety bond; requiring a landlord to give a tenant a receipt for the payment of a premium for a surety bond; etc.

History by Legislative Date

Senate Action

2/12

First Reading Senate Rules

2/14

Re-referred Judicial Proceedings

Hearing 3/5 at 1:00 p.m.

House Action

No Action

Sponsored by:

Senator Larry E. Haines, District 5

Senator John A. Giannetti, Jr., District 21

Bill indexed under the following Subjects:

BONDS -see also- COUNTY & BALTIMORE CITY BONDS; STATE BONDS.

DISCLOSURE

LANDLORD AND TENANT -see also- EVICTION; LEASES & RENT; etc.

LEASES AND RENT

NOTICES

SECURITY DEPOSITS

Bill affects the following Statute:

Real Property

( 8-203 )

Documents:

Bill Text: First Reading (PDF), Third Reading, Enrolled

Fiscal Note: Available (PDF)

Amendments: None offered