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Senate committee reviews HB 3521 to strengthen consumer protections on hold deposits
Summary
The Senate Committee on Housing and Development heard testimony May 12 on House Bill 3521, which would expand applicants’ ability to walk away from a rental with a full refund of a hold deposit when substantial habitability defects are discovered.
The Senate Committee on Housing and Development heard testimony May 12 on House Bill 3521, the “Hold Deposit Accountability Act,” which would tighten rules around so‑called hold or execution deposits that prospective tenants pay to take a unit off the market before signing a lease.
Representative Vanessa Hartman, the bill sponsor, said HB 3521 responds to stories of applicants who paid a hold deposit remotely — often from out of state or while traveling — only to arrive and find material habitability defects, such as mold or unsafe wiring. Under current law (ORS 90.297), the deadline for returning a hold deposit is short and the…
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