Act No. 129

(H.213)

Housing; termination of tenancy; security deposits

This act excludes activity relating to security deposits for residential rental units from the "accord and satisfaction" section under the Uniform Commercial Code (Title 9A) to provide tenants with immediate access to the undisputed portion of a security deposit withheld by a landlord at the termination of a tenancy while preserving the tenant's right to contest the withholding.

Date Signed by the Governor:  May 29, 2010

Effective Date:  July 1, 2010