PA 13-35—sSB 114
AN ACT PROHIBITING RESIDENTIAL LANDLORDS FROM REQUIRING TENANTS TO PAY RENT BY ELECTRONIC FUNDS TRANSFER
SUMMARY: For residential leases or rental agreements executed on or after October 1, 2013, this act prohibits landlords from requiring that rent or security deposits be paid by electronic funds transfer. The act defines “electronic funds transfer” as a funds transfer initiated through an electronic terminal, telephone, computer, or magnetic tape that orders, instructs, or authorizes a financial institution to debit or credit an account. It does not include any transfer originated by check, draft, or similar paper instrument.
The act does not specify a penalty for violations.
EFFECTIVE DATE: October 1, 2013
OLR Tracking: KS: KM: VR: RO