A1255 (2023-24 session)
NY State bill
Provides that a landlord depositing security deposits in an interest bearing account shall be entitled to receive as administration expenses a sum equivalent to 20 percent of the interest earned by such security money per annum, but not to exceed one percent per annum of the money so deposited.
- Title
- Relates to tenant security deposit accounts and administrative expenses to which a person may be entitled
- Type
- New York State Assembly bill
- Session
- 2023-24 session
- Status
- In Assembly Committee
- Latest action date
- 2024-01-03
- In committee
- Judiciary
- Introduced
- 2023-01-13
- Law section
- General Obligations Law
Sponsors
- Latrice M. Walker Assembly Member, District 55
Co-sponsors
Heard in committee
- Judiciary NY State Assembly committee