Raised Bill No. 268 Summary

• Commissioner of Housing shall conduct a study on the potential impacts of allowing landlords to accept advance rental payments from tenants in residential dwelling units, within available appropriations.

• Study must examine whether prospective tenants denied rental applications could gain approval by offering advance rental payments in addition to security deposits.

• Study shall analyze landlords' potential reasons for requiring advance rental payments, financial burdens on tenants, and the effect on housing availability in the state.

• Commissioner must submit a report to the joint standing committee on housing with findings and any recommended legislation by January 1, 2025.