SB 309 – Provides that a landlord must keep security deposits in a depository institution and changes the amount a tenant can recover when the security deposit is wrongfully withheld

• Sponsor: Curls
• LR Number: 1339S.01I
• Committee: Judiciary and Civil and Criminal Jurisprudence
• Last Action: 2/12/2015 - Second Read and Referred S Judiciary and Civil and Criminal Jurisprudence Committee
• Journal Page: S351
• Effective Date: August 28, 2015

Current Bill Summary

SB 309 - This act states that landlords must keep all security deposits in a depository institution insured by an agency of the federal government, and shall not commingle the security deposits with personal funds. Any interest earned on a security deposit belongs to the landlord.

Currently, if a landlord wrongfully withholds any portion of the security deposit then the tenant can recover as damages not more than twice the amount withheld. This act provides that a tenant shall recover as damages twice the amount wrongfully withheld by the landlord.

Provisions of this act are identical to SB 182 (2015), HB 2283 (2014), and HB 884 (2013).

JESSI BAKER