Tenant's Rights‎ > ‎

The Security Deposit Interest Act

posted Mar 18, 2015, 2:27 PM by Laura Hoover
House Bill 1319 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. Requires that the lessor pay all interest that has accumulated and remains unpaid, regardless of the amount, upon termination of the tenancy. Assigned to House Judiciary Committee (Civil).

http://eservices.isba.org/12all/lt.php?c=7432&m=8202&nl=1&s=71603e51c9133711c517b52795fc7fee&lid=118638&l=-http--www.ilga.gov/legislation/99/HB/PDF/09900HB1319lv.pdf
Comments