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CT HB05892

Bill

Official Source

Status

Introduced

1/24/2011

Primary Sponsor

Marilyn Giuliano

Click for details

Origin

House of Representatives

2011 General Assembly

AI Summary

  • Amends section 47a-21 of the general statutes to change the interest rate requirement on landlord-held security deposits
  • Repeals the existing requirement that landlords pay one and one-half percent interest on security deposits
  • Replaces fixed interest rate with a variable rate equal to the standard savings interest rate for banks in the state
  • Purpose is to align security deposit interest rates with current market interest rates for bank savings accounts

Legislative Description

An Act Concerning Interest On Security Deposits.

Last Action

Public Hearing 02/10

2/4/2011

Committee Referrals

Banks2/1/2011
Housing1/24/2011

Full Bill Text

No bill text available