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Committee hears informational presentation on Uniform Special Deposits Act
Summary
Representative Niska presented House File 2,233 as an informational hearing; the bill would adopt the Uniform Special Deposits Act to create an opt‑in legal framework for escrow‑style accounts. Testimony emphasized bankruptcy protections and growing interstate interest.
Representative Steve Niska presented House File 2,233 to the Judiciary Finance and Civil Law Committee in an informational hearing, explaining that the bill would implement the Uniform Special Deposits Act adopted by the Uniform Law Commission.
The bill would create an opt‑in legal regime for “special deposit” accounts—escrow accounts, security deposits…
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