Terms Used In Connecticut General Statutes > Chapter 831 - Security Deposits

• Accrued interest: means the interest due on a security deposit as provided in subsection (i) of this section, compounded annually to the extent applicable. See Connecticut General Statutes 47a-21
• another: may extend and be applied to communities, companies, corporations, public or private, limited liability companies, societies and associations. See Connecticut General Statutes 1-1
• Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
• banks: shall include all incorporated banks. See Connecticut General Statutes 1-1
• Commissioner: means the Banking Commissioner. See Connecticut General Statutes 47a-21
• Common law: The legal system that originated in England and is now in use in the United States. It is based on judicial decisions rather than legislative action.
• Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
• Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
• Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. ^{Source: U.S. Courts}
• Escrow: Money given to a third party to be held for payment until certain conditions are met.
• Escrow account: means any account at a financial institution which is not subject to execution by the creditors of the escrow agent and includes a clients' funds account. See Connecticut General Statutes 47a-21
• Escrow agent: means the person in whose name an escrow account is maintained. See Connecticut General Statutes 47a-21
• Financial institution: means any state bank and trust company, national bank, savings bank, federal savings bank, savings and loan association, and federal savings and loan association that is located in this state. See Connecticut General Statutes 47a-21
• Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. ^{Source: OCC}
• Forwarding address: means the address to which a security deposit may be mailed for delivery to a former tenant. See Connecticut General Statutes 47a-21
• good faith claim: means a claim for actual damages suffered by the landlord for which written notification of such damages has been provided to the tenant in accordance with the provisions of subdivision (2) of subsection (d) of this section. See Connecticut General Statutes 47a-21
• Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
• Landlord: means any landlord of residential real property, and includes (A) any receiver. See Connecticut General Statutes 47a-21
• month: means a calendar month, and the word "year" means a calendar year, unless otherwise expressed. See Connecticut General Statutes 1-1
• National Bank: A bank that is subject to the supervision of the Comptroller of the Currency. The Office of the Comptroller of the Currency is a bureau of the U.S. Treasury Department. A national bank can be recognized because it must have "national" or "national association" in its name. ^{Source: OCC}
• Probate: Proving a will
• Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
• Receiver: means any person who is appointed or authorized by any state, federal or probate court to receive rents from tenants, and includes trustees, executors, administrators, guardians, conservators, receivers, and receivers of rent. See Connecticut General Statutes 47a-21
• Rent receiver: means a receiver who lacks court authorization to return security deposits and to inspect the premises of tenants and former tenants. See Connecticut General Statutes 47a-21
• Residential real property: means real property containing one or more residential units, including residential units not owned by the landlord, and containing one or more tenants who paid a security deposit. See Connecticut General Statutes 47a-21
• Security deposit: means any advance rental payment, or any installment payment collected pursuant to §. See Connecticut General Statutes 47a-21
• Successor: means any person who succeeds to a landlord's interest whether by purchase, foreclosure or otherwise and includes a receiver. See Connecticut General Statutes 47a-21
• Tenant: means a tenant, as defined in §. See Connecticut General Statutes 47a-21