MI SB0539

Requires landlords to mail tenants an itemized notice of damages within 30 days after occupancy ends, listing each damaged property item with estimated repair costs and assessment bases.

Permits landlords to return security deposit differences through electronic transfer, direct deposit, or internet/mobile payment applications instead of requiring checks or money orders.

Mandates landlords using electronic transfer methods deposit refunded amounts within 10 days after mailing the notice of damages.

Requires the notice of damages to include a statement in 12-point boldface type stating tenants must respond by mail within 7 days or forfeit the claimed damage amounts.

Prohibits landlords from claiming damages previously listed on a termination inventory checklist prior to the tenant's occupancy.