OFFICE OF FISCAL ANALYSIS Legislative Office Building, Room 5200 Hartford, CT 06106 (860) 240-0200 http://www.cga.ct.gov/ofa HB-5344 AN ACT CONCERNING ADVANCE RENTAL PAYMENTS. Primary Analyst: LG 3/25/22 Contributing Analyst(s): CG, MP OFA Fiscal Note State Impact: None Municipal Impact: None Explanation This bill amends the banking statutes to eliminate the cap on the amount landlords may require as a security deposit from tenants. This provision is not anticipated to result in a fiscal impact to the state or municipalities. The Out Years State Impact: None Municipal Impact: None