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1999 SESSION

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SB 933 Residential Landlord and Tenant Act; security deposits; interest.

Introduced by: Edward L. Schrock | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

Residential Landlord and Tenant Act; security deposits; annual rate of interest. Requires that security deposits accrue interest at an annual rate equal to one percent below the Federal Reserve Discount rate as of January 1 of each year. Under current law, this interest rate must be equal to the Federal Reserve Discount rate as of January 1 of each year.


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