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Bill

LC 1958

Revise security deposit laws to provide tenants more information and time

2025 Regular Session

LC 1958 tightens security-deposit rules to give tenants clearer disclosures and more time for refunds and deductions, boosting tenant protections and added landlord obligations.

(LC) Draft Delivered to Requester
#landlordandtenant
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WeVote Research Nonpartisan
Bill Summary · LC 1958

LC 1958 — Revise security deposit laws to provide tenants more information and time

Overview

LC 1958 is a proposed bill focused on security deposits in landlord-tenant relationships. The title suggests the bill would revise existing security deposit laws to give tenants more information and more time in related processes. The exact textual provisions are not provided in the available summary.

  • Status: Draft Delivered to Requester (LC)
  • Introduced: November 23, 2024
  • Classification: bill
  • Subject: Landlord and Tenant

Purpose and intent

Based on the title, the bill appears aimed at increasing transparency and extending timeframes related to security deposits. While the specific requirements are not included in the available material, typical goals of such measures include clearer disclosures to tenants, better timing for deposit-related actions, and procedures to reduce disputes over deposits.

What the bill would change (as indicated by the title)

Note: The precise statutory language is not provided here. Potential areas such reforms often address include:

  • Information disclosures to tenants about security deposits (amount, where deposited, interest, if any, and applicable terms).
  • Timeframes for processing deposits, providing receipts, and issuing refunds or itemized deductions after tenancy ends.
  • Requirements for itemized accounting of deductions from security deposits.
  • Clarified procedures for move-out notice and return of deposits, including deadlines.
  • Compliance and enforcement mechanisms (e.g., penalties for noncompliance or remedies for tenants).

These are indicative of typical improvements associated with “providing tenants more information and time,” rather than a statement of the bill’s exact text.

Who would be affected

  • Tenants: Benefit from enhanced transparency and potentially longer or clearer timelines for deposit refunds.
  • Landlords and property managers: May face new disclosure requirements, recordkeeping, and timing obligations.
  • Property management companies and leasing agents: Could be directly impacted by compliance requirements and procedures.

The precise scope (e.g., whether the changes apply to all rental properties, to certain classes of tenancies, or to certain jurisdictions) depends on the final text.

Legislative history and timeline

  • 2024-11-23: Drafter Assigned (Introduced)
  • 2024-12-10: Drafter Assigned; Draft in Edit; Draft in Legal Review
  • 2024-12-10 to 2025-01-22: Series of internal drafting stages (Edit, Legal Review, Input/Proofing)
  • 2025-01-01 to 2025-01-22: Draft in Final Drafter Review, Draft Ready for Delivery, Draft Delivered to Requester

Potential impacts and considerations

  • Consumer protection: Could enhance tenant protections and reduce disputes over security deposits.
  • Administrative burden: May increase recordkeeping and disclosure duties for landlords.
  • Enforcement: Effectiveness will depend on specified penalties, remedies, and enforcement mechanisms.

Next steps and accessibility

  • Full text and specific provisions are needed to assess exact requirements, timelines, and penalties.
  • To obtain the authoritative language and status as the bill advances, check the legislative database or the LC (Legislative Counsel) bill file for LC 1958 and subsequent actions.

If you’d like, I can incorporate the exact text and propose a line-by-line analysis once the full bill text becomes available.

Compiled from official sources — confirm details with the bill’s official record.

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