LCO No. 3945 1 of 3 General Assembly Raised Bill No. 6891 January Session, 2025 LCO No. 3945 Referred to Committee on HOUSING Introduced by: (HSG) AN ACT PROHIBITING A LANDLORD FROM REQUIRING A SECURITY DEPOSIT IN EXCESS OF ONE MONTH'S RENT FROM ANY TENANT. Be it enacted by the Senate and House of Representatives in General Assembly convened: Section 1. Subsections (a) and (b) of section 47a-21 of the general 1 statutes are repealed and the following is substituted in lieu thereof 2 (Effective July 1, 2025): 3 (a) As used in this chapter: 4 (1) "Accrued interest" means the interest due on a security deposit as 5 provided in subsection (i) of this section, compounded annually to the 6 extent applicable. 7 (2) "Commissioner" means the Banking Commissioner. 8 (3) "Escrow account" means any account at a financial institution 9 which is not subject to execution by the creditors of the escrow agent 10 and includes a clients' funds account. 11 (4) "Escrow agent" means the person in whose name an escrow 12 account is maintained. 13 Raised Bill No. 6891 LCO No. 3945 2 of 3 (5) "Financial institution" means any state bank and trust company, 14 national bank, savings bank, federal savings bank, savings and loan 15 association, and federal savings and loan association that is located in 16 this state. 17 (6) "Forwarding address" means the address to which a security 18 deposit may be mailed for delivery to a former tenant. 19 (7) "Landlord" means any landlord of residential real property, and 20 includes (A) any receiver; (B) any successor; and (C) any tenant who 21 sublets his premises. 22 (8) "Receiver" means any person who is appointed or authorized by 23 any state, federal or probate court to receive rents from tenants, and 24 includes trustees, executors, administrators, guardians, conservators, 25 receivers, and receivers of rent. 26 (9) "Rent receiver" means a receiver who lacks court authorization to 27 return security deposits and to inspect the premises of tenants and 28 former tenants. 29 (10) "Residential real property" means real property containing one 30 or more residential units, including residential units not owned by the 31 landlord, and containing one or more tenants who paid a security 32 deposit. 33 (11) "Security deposit" means any advance rental payment, or any 34 installment payment collected pursuant to section 47a-22a, except an 35 advance payment for the first month's rent or a deposit for a key or any 36 special equipment. 37 (12) "Successor" means any person who succeeds to a landlord's 38 interest whether by purchase, foreclosure or otherwise and includes a 39 receiver. 40 (13) "Tenant" means a tenant, as defined in section 47a-1, or a resident, 41 as defined in section 21-64. 42 Raised Bill No. 6891 LCO No. 3945 3 of 3 (14) "Tenant's obligations" means (A) the amount of any rental or 43 utility payment due the landlord from a tenant; (B) a tenant's obligations 44 under the provisions of section 47a-11; and (C) the actual reasonable cost 45 of changing the locks of the dwelling unit pursuant to section 47a-7b, if 46 the tenant has not paid such cost. 47 (b) (1) [In the case of a tenant under sixty-two years of age, a] A 48 landlord shall not demand a security deposit in an amount that exceeds 49 [two months'] one month's rent. 50 (2) [In the case of a tenant sixty-two years of age or older, a landlord 51 shall not demand a security deposit in an amount that exceeds one 52 month's rent.] Any landlord who has received a security deposit in an 53 amount that exceeds one month's rent from a tenant [who becomes 54 sixty-two years of age after paying such security deposit] shall return 55 the portion of such security deposit that exceeds one month's rent to the 56 tenant upon the tenant's request. 57 This act shall take effect as follows and shall amend the following sections: Section 1 July 1, 2025 47a-21(a) and (b) Statement of Purpose: To prohibit a landlord from requiring a security deposit in excess of one month's rent from any tenant. [Proposed deletions are enclosed in brackets. Proposed additions are indicated by underline, except that when the entire text of a bill or resolution or a section of a bill or resolution is new, it is not underlined.]