SEC DEPOSIT INTEREST-ACCRUE House SponsorsRep. Dan Brady 1/11/2011HouseSession Sine Die 765 ILCS 715/2from Ch. 80, par. 122 Amends the Security Deposit Interest Act. Provides that the lessor shall, within 30 days after the end of each 12 month rental period, pay to the lessee any interest, by cash or credit to be applied to rent due, except when: (1) the lessee has signed an agreement with the lessor that the interest may be held in an account with the original security deposit, provided that interest shall accrue on the entire balance held for the lessee, including the original deposit and any interest previously accrued; or (2) the lessee is in default under the terms of the lease (instead of only when the lessee is in default under the terms of the lease). 2/27/2009HouseFiled with the Clerk by Rep. Dan Brady 2/27/2009HouseFirst Reading 2/27/2009HouseReferred to Rules Committee 3/4/2009HouseAssigned to Judiciary I - Civil Law Committee 3/13/2009HouseRule 19(a) / Re-referred to Rules Committee 1/11/2011HouseSession Sine Die