naacp-ms508-0210024-10 |
Previous | 10 of 18 | Next |
|
small (250x250 max)
medium (500x500 max)
Large
Extra Large
large ( > 500x500)
Full Resolution
All (PDF)
|
This page
All
|
Loading content ...
Page 6 What provisions protect consumers security deposits or other refundable deposits? H. B.673, the consumer act, limits the amount of security deposits that cen be required to no more than one month's rent. The bill sponsored by landlords, H. B. 596, has no limit* The consumers receive interest on their security deposits at the going interest rate for deposits. Representative Long of Alamance County sponsored a bill earlier this legislative term, H. B. 355, which places a ceiling on interest that can be accrued to consumers at 4 1/2$ simple interest per year. The current rate of interest at most N. C. banking institutions falls between 5-5 1/2$ compounded quarterly. The bill supported by landlords has no provisions for security deposits being placed in interest bearing accounts to consumers. The 1970 census indicated that N. C. Housing stock was 1,638,246 units with an average rent of $67 per month. This means that in 1970 if all landlords charged one month security deposit the total amount held by landlords was approximately $109,522,482, one-tenth of a billion dollars. Five and one- half percent interest on that amount would have amounted to $6,023,756.31. These amounts have changed considerably since 1970 because of increases in our housing stock and the increases in average rent which shows that the rip- offs allowed landlords is ever increasing and beyond any standard of equity. The consumer act provides that upon termination of the rental agreement and delivery of posession by the tenant the landlord must send an itemized statement of all claims on tenants security deposits within 14 days. The landlord act extends the time to 30 days after termination of tenancy. The Long Bill, H.B. 355, requires the written statement within 21 days.
Object Description
Title | Residential Landlord-Tenant Act |
Series | Series 2, NAACP, Charlotte |
Subseries | Subseries 5, Programs |
Sub-subseries | Sub-subseries 1, Housing and Urban Development |
Digital Collection | Kelly Alexander, Sr. papers concerning the NAACP, 1948-1998 |
Creator | Alexander, Kelly M. |
Date Created | 1973 |
Series Description | This series contains material related to the work of the NAACP in Charlotte, North Carolina and the Alexander family's involvement in the organization over the course of several decades. There is a wide variety of topics covered in the documents, including voting discrimination; the Freedom Fund; Youth Council activities; and correspondence with notable figures throughout the Charlotte area, including Alfred Alexander and Julius Chambers. |
Collection Description | This collection documents the activities of the National Association for the Advancement of Colored People (NAACP), with an emphasis on the work and correspondence of Kelly Alexander, Sr. and his sons Kelly Alexander, Jr. and Alfred Alexander in Charlotte, North Carolina. The collection contains minutes, correspondence, reports, speeches, press releases, membership records, and a few photographs. Topics covered include school segregation, housing and employment discrimination, police misconduct, and the Charlotte Area Fund. |
Subjects--Names |
Alexander, Kelly M. Alexander, Kelly M., Jr., 1948- Alexander, Alfred L., 1952- |
Subjects--Organizations |
National Association for the Advancement of Colored People National Association for the Advancement of Colored People. Charlotte Branch. |
Subjects--Topics |
African Americans--North Carolina--Charlotte African Americans--Civil rights--North Carolina African Americans--Political activity--North Carolina--Charlotte Civil rights movements--North Carolina--Charlotte Civil rights workers--North Carolina--Charlotte African Americans--Housing--North Carolina--Charlotte Racism--Political aspects--North Carolina--Charlotte Race discrimination--North Carolina--Charlotte Police brutality--North Carolina--Charlotte Police misconduct--North Carolina--Charlotte |
Subjects--Locations |
Charlotte (N.C.)--Race relations--History--20th century Charlotte (N.C.)--Politics and government--20th century |
Coverage--Place |
Charlotte (N.C.) Mecklenburg County (N.C.) |
Box Number | 10 |
Folder Number | 24 |
Language | eng |
Object Type | Text |
Digital Format | Displayed as .jp2, uploaded as .tif |
Genre | manuscripts (document genre) |
Finding Aid | https://findingaids.uncc.edu/repositories/4/resources/701 |
Original Collection | Kelly Alexander, Sr. papers concerning the NAACP |
Digital Collection Home Page | http://digitalcollections.uncc.edu/cdm/landingpage/collection/p16033coll20 |
Repository | J. Murrey Atkins Library Special Collections (University of North Carolina at Charlotte) |
Digital Publisher | J. Murrey Atkins Library Special Collections (University of North Carolina at Charlotte) |
Rights | These materials are made available for use in research, teaching and private study. The digital reproductions have been made available through an evaluation of public domain status, permissions from the rights' holders, and authorization under the law including fair use as codified in 17 U.S.C. section 107. Although these materials are publicly accessible for these limited purposes, they may not all be in the public domain. Users are responsible for determining if permission for re-use is necessary and for obtaining such permission. Individuals who have concerns about online access to specific content should contact J. Murrey Atkins Library. |
Location of Original | J. Murrey Atkins Library Special Collections (University of North Carolina at Charlotte) |
Grant Information | Digitization made possible by funding from the federal Institute of Museum and Library Services (IMLS) under the provisions of the Library Services and Technology Act as administered by the State Library of North Carolina, a division of the Department of Cultural Resources. |
Identifier | naacp-ms508-0210024 |
Date Digitized | 2016-02-22 |
Rating |
Description
Title | naacp-ms508-0210024-10 |
OCR Transcript | Page 6 What provisions protect consumers security deposits or other refundable deposits? H. B.673, the consumer act, limits the amount of security deposits that cen be required to no more than one month's rent. The bill sponsored by landlords, H. B. 596, has no limit* The consumers receive interest on their security deposits at the going interest rate for deposits. Representative Long of Alamance County sponsored a bill earlier this legislative term, H. B. 355, which places a ceiling on interest that can be accrued to consumers at 4 1/2$ simple interest per year. The current rate of interest at most N. C. banking institutions falls between 5-5 1/2$ compounded quarterly. The bill supported by landlords has no provisions for security deposits being placed in interest bearing accounts to consumers. The 1970 census indicated that N. C. Housing stock was 1,638,246 units with an average rent of $67 per month. This means that in 1970 if all landlords charged one month security deposit the total amount held by landlords was approximately $109,522,482, one-tenth of a billion dollars. Five and one- half percent interest on that amount would have amounted to $6,023,756.31. These amounts have changed considerably since 1970 because of increases in our housing stock and the increases in average rent which shows that the rip- offs allowed landlords is ever increasing and beyond any standard of equity. The consumer act provides that upon termination of the rental agreement and delivery of posession by the tenant the landlord must send an itemized statement of all claims on tenants security deposits within 14 days. The landlord act extends the time to 30 days after termination of tenancy. The Long Bill, H.B. 355, requires the written statement within 21 days. |
Tags
Comments
Post a Comment for naacp-ms508-0210024-10