STATE OF NEW YORK
________________________________________________________________________
4856
2025-2026 Regular Sessions
IN SENATE
February 13, 2025
___________
Introduced by Sen. SKOUFIS -- read twice and ordered printed, and when
printed to be committed to the Committee on Judiciary
AN ACT to amend the general obligations law, in relation to extending
the timeline for the return of security deposits for residential
rental agreements from fourteen days to thirty days
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Paragraph (e) of subdivision 1-a of section 7-108 of the
2 general obligations law, as added by section 25 of part M of chapter 36
3 of the laws of 2019, is amended to read as follows:
4 (e) Within [fourteen] thirty days after the tenant has vacated the
5 premises, the landlord shall provide the tenant with an itemized state-
6 ment indicating the basis for the amount of the deposit retained, if
7 any, and shall return any remaining portion of the deposit to the
8 tenant. If a landlord fails to provide the tenant with the statement and
9 deposit within [fourteen] thirty days, the landlord shall forfeit any
10 right to retain any portion of the deposit.
11 § 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD05457-01-5
