MD SB429 | 2011 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 4 2011 - 25% progression, died in committee
Action: 2011-02-09 - Hearing 2/22 at 1:00 p.m.
Pending: Senate Judicial Proceedings Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 4 2011 - 25% progression, died in committee
Action: 2011-02-09 - Hearing 2/22 at 1:00 p.m.
Pending: Senate Judicial Proceedings Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Authorizing a landlord to set the rate at which simple interest accrues on a security deposit of a tenant under a residential lease to be 3 percent per annum or 1 percentage point below the Federal Reserve Board discount rate; requiring the rate set by the landlord to be stated in the tenant's written lease; requiring simple interest to accrue on a security deposit in the amount of 3 percent per annum if the rate at which simple interest accrues on a security deposit is not stated in the tenant's written lease; etc.
Title
Real Property - Residential Leases - Interest on Security Deposits
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2011-02-09 | Hearing 2/22 at 1:00 p.m. | |
| 2011-02-09 | Hearing cancelled | |
| 2011-02-04 | Hearing 2/16 at 1:00 p.m. | |
| 2011-02-04 | First Reading Judicial Proceedings |
Subjects
Maryland State Sources
| Type | Source |
|---|---|
| Summary | https://mgaleg.maryland.gov/mgawebsite/Search/Legislation?target=/2011rs/billfile/SB0429.htm |
| Text | http://mlis.state.md.us/2011rs/bills/sb/sb0429f.pdf |
