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Baltimore Mayor Brandon Scott vetoed a bill that would provide alternatives to traditional security deposits for tenants this week, potentially marking a swift turnaround for a proposal that the city council approved by a vote of 12-2 in April, according to a report in The Baltimore Sun.
The bill would have required some landlords to give tenants a choice to pay a security deposit in three monthly installments or opt for a security deposit “insurance” plan, in which they would pay nonrefundable monthly premiums to a bond company that would cover the upfront costs of damages but bill the tenant for them afterward, the report says. That could result in tenants paying more than the cost of a security deposit, and in the weeks since the bill’s passage, advocacy groups including the Baltimore branch of the NAACP, Maryland Consumer Rights Coalition, Baltimore Teachers Union, CASA and Progressive Maryland, lobbied the mayor to veto the bill, according to the report. ....

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