· NY legislature · 2025-2026

Relates to tenant security deposit accounts and administrative expenses to which a person may be entitled

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.

Sponsor

Latrice Walker (D-NY)

Introduced

2025-03-06

Policy area

Housing and Community Development

Latest action

REFERRED TO JUDICIARY