Altering the calculation of simple interest on security deposits held by a residential landlord or a mobile home park owner and owed to a residential tenant or mobile home park resident by repealing the requirement that interest be calculated at a rate of 1.5% per year if that percentage exceeds the U.S. Treasury yield curve rate.
Bill File Type: Regular
Effective Date(s): October 1, 2022
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Last Updated: 7/8/2022 2:14 PM