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2020 SESSION
(HB1333)AMENDMENT(S) PROPOSED BY THE HOUSE
DEL. COYNER
1. After line 262, substitute
insert
6. The insurance provider shall notify the landlord immediately if the damage policy lapses or is canceled.
DEL. COYNER
2. After line 265, substitute
insert
K. A tenant who initially opts to provide damage insurance in lieu of a security deposit may, at any time without consent of the landlord, opt to pay the full security deposit to the landlord in lieu of maintaining a damage insurance policy. The landlord shall not alter the terms of the lease in the event a tenant opts to pay the full amount of the security deposit pursuant to this subsection.