The bill, H.B. No. 2908, amends Section 92.103 of the Texas Property Code to enhance the rights of tenants regarding the refund of their security deposits. It introduces a new subsection (d) that stipulates tenants are entitled to receive their security deposit refunds in one of two ways: either through a check, money order, or other traceable or negotiable instrument, or as a credit applied to the form of payment originally used to pay the security deposit, which includes credit cards or other electronic payment methods.

This change aims to provide tenants with more flexibility and options in receiving their security deposit refunds, ensuring that they can choose a method that is most convenient for them. The bill is set to take effect on September 1, 2025.

Statutes affected:
Introduced: Property Code 92.103 (Property Code 92)