Residential Rental Properties and Mobile Home Parks - Security Deposits - Rate of Interest
Sponsor: Delegate NovotnyCommittee: Environment and TransportationSubject: Real PropertyStatus: Unfavorable Report by Environment and Transportation (as of Nov 15, 2022)
What this bill does
Official synopsis
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.
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Analysis reads the bill text, the fiscal note, and the witness list. It is generated by Claude and reviewed by nobody, so check the source documents before you rely on it.
Testimony (6)
MGA witness listFAV 4FavorableUNF 2Unfavorable
| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Bradley, Erinlobbyist | Individual | Written (PDF) |
| FAV | Castelli, Williamlobbyist | Individual | Written (PDF) |
| FAV | Delegate Novotny, Delegate Novotnylegislator | Individual | Oral |
| FAV | Greenfield, Aaronlobbyist | Individual | Written (PDF) |
| UNF | Wilpone-Welborn, Kira | Consumer Protection Division of the Maryland Office of the Attorney General | Written (PDF) |
| UNF | Lent, Michael | Individual | Position only |
Organizations on record
Registered lobbyists who testified
FAVCastelli, WilliamRegistered for: ASC Engineered Solutions; Berkshire Hathaway Energy GT&S, LLC; Board of County Commissioners of Allegany County, MD; Brown Advisory; Cable Telecommunications Association of Maryland, Delaware and D.C., Inc.; Colonial Pipeline Company…
FAVGreenfield, AaronRegistered for: BTS Bioenergy; Baltimore Area Council Boy Scouts of America, Inc.; Embassy of Japan; Ernst & Young, LLP; FEi Systems; Goodwill Industries of the Chesapeake…