CT SB00943

Reduces the timeline for landlords to return security deposits from 30 days to 15 business days after tenancy termination or receipt of tenant's forwarding address, whichever is later, effective October 1, 2023.

Requires landlords to provide a written itemized statement detailing the nature and amount of any damages if deducting from the security deposit.

Establishes liability of twice the security deposit amount for landlords who violate return provisions, or $10 or twice the accrued interest (whichever is greater) if the only violation is failure to deliver accrued interest.

Requires accrued interest on security deposits to be returned within 15 business days if tenancy terminates before the anniversary date, matching the deposit return deadline.

Applies to all landlords except educational institutions housing students and mobile manufactured home owners, with rent receivers returning deposits through court-authorized processes from escrow or operating income.