Bill Title: Amends the Security Deposit Interest Act. Provides that the requirement that a lessor pay accumulated interest within 30 days after the end of each 12 month rental period applies to interest that has accumulated to an amount of $5 or more. Provides that the lessor shall pay all interest that has accumulated and remains unpaid, regardless of the amount, upon termination of the tenancy.

Spectrum: Partisan Bill (Democrat 3-0)

Status: (Passed) 2015-08-04 - Public Act . . . . . . . . . 99-0253 [HB1319 Detail]

Text: Latest bill text (Chaptered) [HTML]

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