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Oklahoma Administrative Code (Last Updated: March 11, 2021) |
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TITLE 330. Oklahoma Housing Finance Agency |
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Chapter 50. Section 8 Existing Housing Program Rules |
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Subchapter 15. Certificate/Voucher Issuance and Briefings [revoked] |
SECTION 330:50-15-9. Security deposit requirements
Latest version.
- (a) Leases effective prior to October 2, 1995. The amount of Security Deposit which could have been collected by owners under contracts effective prior to October 2, 1995 is:(1) Under the Certificate Program, the owner could have collected a Security Deposit in an amount not to exceed the TTP or $50.00, whichever is greater, for non-lease-in-place families.(2) For the Voucher Program, the owner, at his/her discretion, could have collected a Security Deposit in an amount not to exceed:(A) The greater of 30% of adjusted monthly income or $50 for non-lease-in-place families.(B) The greater of 30% of adjusted monthly income or $50 or amount of existing security deposit for already leased-in-place families.(b) Leases effective on or after October 2, 1995. Security deposits charged by owners may not exceed those charged to unassisted tenants (nor the maximum prescribed by State or local law). For lease-in-place families, responsibility for first and last month's rent is not considered a security deposit issue. In these cases, the owner should settle the issue with the tenant prior to the beginning of assistance.