Assembly bill · A6696 (2025-26)
Relates to tenant security deposit accounts and administrative expenses to which a person may be entitled
New York State Assembly
Sponsor: Latrice Walker (Assembly Member, District 55, Democratic)
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From NY Open Legislation, the NY Senate and Assembly, and official rosters. This record was last updated Oct 19, 2026. About our data
Summary
Provides that a landlord depositing security deposits in an interest bearing account shall be entitled to receive as administration expenses a sum equivalent to 20 percent of the interest earned by such security money per annum, but not to exceed one percent per annum of the money so deposited.
Summary from NY Open Legislation. How we handle summaries
Amends the General Obligations Law.
Where it stands
Assigned to a committee for review.
- Introduced
- In committee
- Up for a vote
- Passed one chamber
- Passed
- Enacted
Committee
Judiciary · New York State Assembly
Also referred to Judiciary · New York State Senate.
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Full history
- Jan 7, 2026
Referred to committee
REFERRED TO JUDICIARY
NY Assembly
- Mar 6, 2025
Referred to committee
REFERRED TO JUDICIARY
NY Assembly
Read the record
- Read on NY Senate (opens in a new tab) The official record on nysenate.gov.