MO HB1461

Limits landlord security deposits to no more than two months' rent.

Requires landlords to return security deposits or provide itemized damage lists with actual or estimated repair costs within 30 days of tenancy termination, and furnish paid receipts or cost certification within 60 days if estimated costs were given.

Allows landlords to withhold deposits only for unpaid rent, restoring the unit to original condition (excluding normal wear and tear), or compensating for damages from inadequate notice of termination.

Requires landlords with 20 or more dwelling units to hold security deposits in federally insured accounts separate from personal funds, provide signed receipts at deposit time, and transfer deposits to successor landlords with tenant notification upon property sale.

Permits tenants to recover up to twice the wrongfully withheld deposit amount as damages and clarifies that security deposits cannot be used as rent payment.