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NY A02652
Bill
Status
Introduced
1/21/2025
Primary Sponsor
Nader Sayegh
Click for details
AI Summary
- Extends the deadline for landlords to return security deposits from 14 days to 30 days after a tenant vacates the premises
- Requires landlords to provide an itemized statement explaining any portion of the deposit retained within the 30-day period
- Landlords who fail to return the deposit and itemized statement within 30 days forfeit the right to retain any portion of the security deposit
- Amends section 7-108 of the general obligations law, which was established in 2019
- Takes effect immediately upon passage
Legislative Description
Extends the timeline for the return of security deposits for residential rental agreements from fourteen days to thirty days.
Last Action
referred to judiciary
1/7/2026
Committee Referrals
Judiciary1/21/2025
Full Bill Text
No bill text available