Loading chat...

HI HB2512

Bill

Official Source

Status

Introduced

1/24/2024

Primary Sponsor

Tyson Miyake

Click for details

Origin

House of Representatives

2024 Regular Session

AI Summary

  • Adds new section to Hawaii Revised Statutes Chapter 521 requiring landlords to offer tenants at least one alternative to traditional security deposits upon request
  • Requires landlords to accept rental security insurance from an approved carrier licensed by the Hawaii Department of Commerce and Consumer Affairs, with coverage effective for the entire lease term and equal to the required deposit amount
  • Requires landlords to accept security deposit payments spread over at least six equal monthly installments, due on the same day as monthly rent and paid together in a single transaction
  • Does not limit any other provisions or requirements under existing security deposit law (section 521-44)
  • Becomes effective upon approval

Legislative Description

Relating To Security Deposits.

Residential Landlord-Tenant Code

Last Action

Referred to CPC, FIN, referral sheet 3

1/26/2024

Committee Referrals

Consumer Protection & Commerce1/26/2024

Full Bill Text

No bill text available