Changing the interest rate paid on a security deposit under a residential lease from 3 percent per annum to the daily U. S. Treasury yield curve rate for 1 year, as of the first business day of each year, or 1.5%, whichever is greater; requiring the Department of Housing and Community Development to maintain a specified list on its Web site; applying the Act prospectively; etc.
HB917
Real Property – Residential Leases – Interest on Security Deposits
Changing the interest rate paid on a security deposit under a residential lease from 3 percent per annum to the daily U. S. Treasury yield curve rate for 1 year, as of the first business day of each year, or 1.5%, whichever is greater; requiring the Department of Housing and Community Development to maintain a specified list on its Web site; applying the Act prospectively; etc.
Session:
2011 Regular Session
Note: To view the PDF Bill - Click on the "Click here for Bill Details (PDF)" below.
Status
Bill Text
| Date | Bill Type | Click here for Bill Details (PDF) |
|---|---|---|
| 2011-03-23 | http://mlis.state.md.us/2011rs/bills/hb/hb0917t.pdf | |
| 2011-02-13 | http://mlis.state.md.us/2011rs/bills/hb/hb0917f.pdf |
Votes
| Date | Action | Vote | Document |
|---|---|---|---|
| 2011-03-22 | Third Reading Passed | Yea: 138 No: 0 Other: 1 | Document |
Amendments
no data available at this time.
Bill History
| Date | Action |
|---|---|
| 2011-03-30 | Hearing 4/6 at 1:00 p.m. |
| 2011-03-25 | First Reading Judicial Proceedings |
| 2011-03-22 | Third Reading Passed (138-0) |
| 2011-03-21 | Second Reading Passed with Amendments |
| 2011-03-21 | Favorable with Amendments Report Adopted |
| 2011-03-23 | Favorable with Amendments Report by Environmental Matters |
| 2011-02-11 | Hearing 3/10 at 1:00 p.m. |
| 2011-02-11 | First Reading Environmental Matters |
Sponsors
| Name | District |
|---|---|
| Nancy Stocksdale | HD-005A |
| Herbert McMillan | HD-030A |