2022 Regular Session • Maryland Legislature
HB343: Residential Rental Properties and Mobile Home Parks - Security Deposits - Rate of Interest
Legislative Summary
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.
Demographic Impact
Overall analysis of equity impact
Neutral
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Bill History
1/19/2022
First Reading Environment and Transportation
House of Delegates
1/25/2022
Hearing 2/08 at 1:00 p.m.
House of Delegates
3/7/2022
Unfavorable Report by Environment and Transportation
House of Delegates
Status Information
Current Status
Introduced(1/19/2022)
Chamber
House of Delegates
Sine Die
