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Senate approves regulated 'conditional deposits' bill after tight vote amid housing debate
Summary
The Senate voted 14–9 to advance House Bill 1336 (regulated conditional deposits), a controversial measure intended to give landlords a risk-mitigation option and help some renters access housing; opponents argued it raised upfront costs and would burden low-income renters and municipal assistance programs.
The Senate on Thursday approved House Bill 1336 FN, a bill that creates a statutory framework for regulated conditional deposits (RCDs) — an alternative/augment to traditional security deposits landlords may require of prospective tenants.
Supporters described RCDs as a tool to help renters who would otherwise be denied housing because of credit history or gaps in prior landlord references. Senator McConi, presenting the Commerce Committee report, described the models as a means to "offset potential risk…
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