Relating to tenant deposits; prescribing an effective date.
Catchline/Summary:
Requires Real Estate Commissioner to adopt program to relieve pecuniary loss of landlord liable to tenant due to mismanagement by or dishonest conduct of real estate property manager. Requires Real Estate Commissioner to adopt program to relieve pecuniary loss of landlord liable to tenant due to mismanagement by or dishonest conduct of real estate property manager.
Permits landlord to claim reimbursement for pecuniary loss of tenant deposit due to mismanagement by or dishonest conduct of real estate property manager.
Grants immunity to landlord and any person who gives information to commissioner relating to claim filed with commissioner.
Establishes Tenant Deposit Security Fund.
Requires real estate property managers to pay annual fee. Authorizes commissioner to determine amount of fee.
Takes effect on 91st day after adjournment sine die.
Chapter Number:
Fiscal Impact:
May Have Fiscal Impact, But No Statement Yet Issued
Revenue Impact:
May Have Revenue Impact, But No Statement Yet Issued
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