BILL · 2011–12 SESSION

SB 5050: Residential security deposit

Changing provisions concerning residential landlord/tenant security deposits.

Summary

Under the RLTA, a landlord is not entitled to the interest earned on a tenant's security deposit. Interest earnings must be deposited monthly by the financial institution or escrow agent, into the Affordable Housing for All Account, minus processing charges which is limited to an items deposited charge, monthly maintenance fees, a per check item charge, and a per deposit charge.

From the Senate Bill Report (Orig.) (SB 5050), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee

AN ACT Relating to residential landlord/tenant security deposits;

No recorded floor votes. This measure never reached a floor vote.

Apr 11, 2012By resolution, reintroduced and retained in present status.
Apr 4, 2012By resolution, reintroduced and retained in present status.
Jan 9, 2012By resolution, reintroduced and retained in present status.
Nov 28, 2011By resolution, reintroduced and retained in present status.
Apr 26, 2011By resolution, reintroduced and retained in present status.
Jan 12, 2011First reading, referred to Financial Institutions, Housing & Insurance.

Bill numbers restart every two years, so the same number is a different bill in each session.

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