Bill
Bill > H8113
RI H8113
RI H8113Provides that landlords would pay interest on security deposits in residential landlord-tenant matters.
summary
Introduced
02/27/2026
02/27/2026
In Committee
02/27/2026
02/27/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
This act would require that residential landlords of six (6) or more dwelling units hold their tenants' security deposits in interest-bearing federally insured deposit accounts minus written accounting deducting allowable amounts due to the landlord and, within twenty (20) days of the end of the tenancy, any remaining interest accrued shall be paid to the tenant. This act would take effect upon passage.
AI Summary
This bill mandates that landlords who own six or more residential dwelling units must hold their tenants' security deposits in interest-bearing, federally insured accounts, and any interest earned belongs to the tenant. Upon the end of the tenancy, landlords must provide an itemized written accounting of any deductions for unpaid rent, cleaning, trash disposal, or damages beyond normal wear and tear, and return the remaining security deposit along with all accrued interest within twenty days of the tenant vacating the property. This change aims to ensure tenants receive the full benefit of any interest generated by their security deposits.
Committee Categories
Justice
Sponsors (10)
Cherie Cruz (D)*,
Edith Ajello (D),
Jose Batista (D),
Megan Cotter (D),
Joshua Giraldo (D),
Arthur Handy (D),
Rebecca Kislak (D),
Brandon Potter (D),
Evan Shanley (D),
Jennifer Stewart (D),
Last Action
Committee recommended measure be held for further study (on 03/18/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://status.rilegislature.gov/ |
| BillText | https://webserver.rilegislature.gov/BillText26/HouseText26/H8113.pdf |
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