Connecticut SB 253: AN ACT CONCERNING FAIR REIMBURSEMENT TO RETAIL DEALERS OF POWER EQUIPMENT.

Bill Text

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General Assembly Raised Bill No. 253
February Session, 2026 LCO No. 1678

Referred to Committee on HOUSING

Introduced by:
(HSG)

AN ACT REPEALING SECURITY DEPOSIT MAXIMUMS.
Be it enacted by the Senate and House of Representatives in General
Assembly convened:

Section 1. Section 47a-21 of the 2026 supplement to the general 1
statutes is repealed and the following is substituted in lieu thereof 2
(Effective October 1, 2026): 3
(a) As used in this chapter: 4
(1) "Accrued interest" means the interest due on a security deposit as 5
provided in subsection [(i)] (h) of this section, compounded annually to 6
the extent applicable. 7
(2) "Commissioner" means the Banking Commissioner. 8
(3) "Escrow account" means any account at a financial institution 9
which is not subject to execution by the creditors of the escrow agent 10
and includes a clients' funds account. 11
(4) "Escrow agent" means the person in whose name an escrow 12
account is maintained. 13

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(5) "Financial institution" means any state bank and trust company, 14
national bank, savings bank, federal savings bank, savings and loan 15
association, and federal savings and loan association that is located in 16
this state. 17
(6) "Forwarding address" means the address to which a security 18
deposit may be mailed for delivery to a former tenant. 19
(7) "Landlord" means any landlord of residential real property, and 20
includes (A) any receiver; (B) any successor; and (C) any tenant who 21
sublets his premises. 22
(8) "Receiver" means any person who is appointed or authorized by 23
any state, federal or probate court to receive rents from tenants, and 24
includes trustees, executors, administrators, guardians, conservators, 25
receivers, and receivers of rent. 26
(9) "Rent receiver" means a receiver who lacks court authorization to 27
return security deposits and to inspect the premises of tenants and 28
former tenants. 29
(10) "Residential real property" means real property containing one 30
or more residential units, including residential units not owned by the 31
landlord, and containing one or more tenants who paid a security 32
deposit. 33
(11) "Security deposit" means any advance rental payment, or any 34
installment payment collected pursuant to section 47a-22a, except an 35
advance payment for the first month's rent or a deposit for a key or any 36
special equipment. 37
(12) "Successor" means any person who succeeds to a landlord's 38
interest whether by purchase, foreclosure or otherwise and includes a 39
receiver. 40
(13) "Tenant" means a tenant, as defined in section 47a-1, or a resident, 41
as defined in section 21-64. 42

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(14) "Tenant's obligations" means (A) the amount of any rental or 43
utility payment due the landlord from a tenant; (B) a tenant's obligations 44
under the provisions of section 47a-11; and (C) the actual reasonable cost 45
of changing the locks of the dwelling unit pursuant to section 47a-7b, if 46
the tenant has not paid such cost. 47
[(b) (1) In the case of a tenant under sixty-two years of age, a landlord 48
shall not demand a security deposit in an amount that exceeds two 49
months' rent. 50
(2) In the case of a tenant sixty-two years of age or older, a landlord 51
shall not demand a security deposit in an amount that exceeds one 52
month's rent. Any landlord who has received a security deposit in an 53
amount that exceeds one month's rent from a tenant who becomes sixty-54
two years of age after paying such security deposit shall return the 55
portion of such security deposit that exceeds one month's rent to the 56
tenant upon the tenant's request.] 57
[(c)] (b) Any security deposit paid by a tenant shall remain the 58
property of such tenant in which the landlord shall have a security 59
interest, as defined in section 42a-1-201, to secure such tenant's 60
obligations. A security deposit shall be exempt from attachment and 61
execution by the creditors of the landlord and shall not be considered 62
part of the estate of the landlord in any legal proceeding. Any voluntary 63
or involuntary transfer of a landlord's interest in residential real 64
property to a successor shall constitute an assignment to such successor 65
of such landlord's security interest in all security deposits paid by 66
tenants of such transferred residential real property. 67
[(d)] (c) (1) Not later than the time specified in subdivision (2) of this 68
subsection, the person who is the landlord at the time a tenancy is 69
terminated, other than a rent receiver, shall pay to the tenant or former 70
tenant: (A) The amount of any security deposit that was deposited by 71
the tenant with the person who was landlord at the time such security 72
deposit was deposited less the value of any damages that any person 73

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who was a landlord of such premises at any time during the tenancy of 74
such tenant has suf