Housing: landlord and tenants; return of security deposit by electronic transfer; allow. Amends sec. 9 of 1972 PA 348 (MCL 554.609).

This bill updates Michigan's landlord-tenant laws to allow security deposits to be returned via electronic transfer instead of only by check or money order. It requires landlords to mail tenants an itemized list of claimed damages within 30 days of moving out, but permits them to send the refund directly to a bank account, mobile payment app, or internet payment service if they choose. If a landlord uses this electronic method, they must deposit the funds into the tenant's account within 10 days of mailing the notice. The bill also mandates that the damage notice include a specific, bolded statement informing tenants they must respond within seven days or forfeit the claimed amount.