Housing: landlord and tenants; return of security deposit by electronic transfer; allow. Amends sec. 9 of 1972 PA 348 (MCL 554.609).
Key claim: Michigan SB0022 would amend the 1972 Security Deposit Act to permit landlords to return security deposits to tenants via electronic transfer.
Abstract
(SB0022 · 103rd Legislature) Housing: landlord and tenants; return of security deposit by electronic transfer; allow. Amends sec. 9 of 1972 PA 348 (MCL 554.609). Latest action (2026-07-03): Referred To Committee On Regulatory Reform
Why this matters
For tenants and landlords, this expands the permissible mechanics of returning security deposits by explicitly authorizing electronic transfer alongside traditional methods, potentially speeding refunds and reducing check-handling costs. No dollar thresholds, timing rules, or penalty provisions of the Security Deposit Act are altered by this incremental amendment.