Texas Security Deposit Laws for 2023 | Deductions, Returns, & Rights. A. The rate of interest owed on deposits for the period March 1, 2023 through February 29, 2024 is 2. 49 governs the collection and return of security deposits in Florida. §33-1321(A)). A few months after that I received an update to the claim saying that cost to fix the damage was $2,200 and I was responsible for $1,000 (trip receipt. How much does a security deposit cost? Most often, the amount of a security deposit is equivalent to one month’s rent. The rules regarding security deposits for mobile homes are different. With the Discover It ® Secured Credit Card, your credit line will equal your deposit amount, starting at $200. A tenant who moves out before a written lease expires may owe the landlord rent through the end of the lease term. Pay the tenant any interest collected at the end of the lease. A security deposit is a predetermined amount of money that a renter provides to a landlord prior to moving into a property. The idea behind the clauses, when followed correctly by landlords, is to ensure that all. Compare offers. Or, if you rent a furnished home or apartment you may require a security deposit up to $3,000. A template of a security deposit return letter is available to download on our website. Your gross household income is all income you receive before taxes and deductions. Age 20 45% of Trip price. 2 months’ rent + pet deposit. A security deposit is a payment made by a new tenant to a landlord upon signing a lease. Where the landlord and tenant agree, the landlord can deposit the security deposit refund electronically into the tenant’s account. Similarly. They are usually calculated at 60% of the listing’s nightly rate. It usually takes between 10 and 20 business days for the rental company to return the deposit directly into your credit card balance. S. For non-residential property, the maximum security deposit will be equal to 6 months’ rent amount. ’s Civil Code, landlords are allowed to charge refundable security deposits equalling no more than two months’ rent. Landlords in Tennessee must hold security deposits in a state or federally-regulated financial institution. For example, if a home or an apartment rents for $5,000 per month, the. Virginia – A landlord can charge up to $50 for an application fee that is used to pay for screening services. Discount codes and promotions cannot be applied to the Under 25 Fee. Article updated on 04/04/2023 When you book a car on Getaround, a security deposit is blocked at the time of payment. Your landlord may ask you to pay your deposit before or at the time you sign your lease. If a landlord delivers a security deposit or prepaid rent to a garnishor in violation of ORS 18. Security deposits collected as part of a lease agreement that is six months or longer, Interest Rate. Maine Security Deposit Laws for 2023 | Deductions, Returns, & Rights. May 8, 2023. California limits deposits to two month’s rent, unless the rental is furnished, in which case the deposit can be up to three months. A damage deposit of EUR 50 is required on arrival. Sometimes you may be charged an extra deposit if you have a pet. Step 4: Know your rights. In 2021 the average. If the monthly rent of your unit is $1,000, the the most you can charge as a security deposit is $2,000, or two months' rent. If your security deposit is also $1,500 per month, start the negotiations out at about 30 to 40 percent less and see if they agree to your terms. Depending on your bank, these funds may take a few days to become available. IR-2023-210, Nov. Security deposits generally must be held in “an interest bearing escrow account established and held in trust in a financial institution in the District of Columbia insured by a federal or state agency for the sole purposes of holding such. 2. For instance, if your estimated rental cost is $300, Enterprise will place a hold on $360, in which $60 is considered a. [13]A landlord who wrongfully withholds a security deposit or does not follow other parts of state law (such as sending the deposit within the stipulated time frame) could be liable if a tenant pursues legal action in small claims court. The security deposit is automatically released 5 days after the end of your rental, provided no incident has been reported by the owner of the vehicle. Article updated on 06/22/2023. When we do activate our service near you, you'll be one of our very first users. Beginning with the third year of a lease the landlord must put security deposits over $100 in an interest-bearing bank account. The higher your credit score is, the more likely you are to be assigned one of the lower deposit amounts. Basically, a security deposit is an extra amount of money a tenant pays to a landlord before moving into a new place. During the first year of the lease term, landlords cannot increase the security deposit. The security deposit is reduced to 150€. Steve143. A security deposit is a sum of money a tenant needs to pay as a protective measure in case the unit is damaged. If you are using a real estate agent, they will hold on to this amount until the deal is finalized. Beginning with the third year of a lease the landlord must put security deposits over $100 in an interest-bearing bank account. 1 month’s rent + pet deposit, property modification costs, and anything else that could add risk for the landlord (such as a tenant with prior evictions) Alaska. You can read our terms of service at Additional community po. Rental security deposits in NYC are limited to a maximum of one (1) month of rent. If a landlord in bad faith does not give you an itemized list of deductions, they cannot withhold any portion of the security deposit and they cannot bring suit. If required for a Trip, the amount of the security deposit will be shown on the confirmation page for that Trip. Extreme filth or excessive trash and personal items left behind. If your landlord refuses to return your security deposit, ask him to provide his reasons in writing and to substantiate any deductions with receipts or invoices for repairs. Some states limit the amount required for a security deposit, usually from. [10]Yes, it is still up to Airbnb to grant your request for reimbursement and they will consider the "proof" you have. [1] However, if last month’s rent is also collected in advance, the maximum security deposit is 1/2 month’s rent. Depending on your bank, these funds may take a few days to become available. A small claims case regarding the return of a security deposit must be filed within 6 years. A. Then, Security Deposit = 15000*2=30000. Getaround’s insurance covers: Damage to the vehicle’s exterior When is the security deposit paid? Generally, you pay the security deposit when you sign the lease. For residential property, the maximum security deposit will be equal to 2 months’ rent amount. 3%. Leases may be either written or oral, but leases for a year or longer must be in writing. The Housing Stability and Tenant Protection Act (HSTPA) of 2019 limits the amount of a security deposit for any apartment to one. This will be collected as a cash payment. Excalibur Incidental Hold: $50/day Tropicana Incidental Hold: $50/day New York New York Indicental Hold: $50/day Park MGM Incidental Hold: $100/day Aria Incidental Hold: $150/day for Deluxe Rooms, $250/day for Tower Suites, and $350/day for Sky Suites Cosmopolitan Incidental Hold: $150/night for rooms and $1,000/night for Bungalow. Most banks charge at least $15 per year for a small box, but. " At this point I'm a bit suspicious so I ask her if she received the 50 dollars. Getaround makes carsharing easy! Instantly rent and unlock great cars nearby from your phone. You can use a free calculator on the site to estimate how much you may earn. 1-1226. When you’re done using your car and are ready to make it available for a Getaround reservation, simply lock your car with your phone to re-activate. There are limitations though, depending on your state’s laws. The only exceptions to this is if the tenant voluntarily agrees to pay more or if the deposit is for mobile home spaces. If your landlord doesn’t charge a pet deposit, it may be because they charge monthly pet rent. The amount will vary from state to state. The landlord can deliver the security deposit refund and/or the itemized list of deductions by: 1. Generally, there is no limit to the security deposit that can be required by the lessor, except if the lease falls under Republic Act No. 4 AZ Rev Stat § 33-1321. Return of the Security Deposit by Landlord. $150. A security deposit is an amount of money a tenant pays to a landlord or property manager when renting an apartment or house and which covers damages, unpaid rent, and (in some cases) unpaid utilities. Cleaning the Car After Use. However, in the state of Texas, this is not the case. Monthly Rent = Rs 15000. Starting on the third year of a lease, if the security deposit is more than $100, it needs. However, security deposit amounts for rent, car rental, and commercial leases vary by state in the United States. The security deposit would be a maximum of $1,500 if the monthly rent was $1,000—one month’s rent ($1,000) plus one-half month’s rent ($500). The landlord has to return the security deposit within thirty (30) days of the termination of the tenancy or itemize any damages and mail any remaining security deposit balance to the tenant. Security deposits—also known as “damage deposits”—are deposits tenants make before renting an apartment that is kept on file throughout the duration of their tenancy in the event that the landlord must pay for substantial fixes to. 00. The amount of this deposit depends on the car category. Specifically, as a landlord, you must charge them no more than 1. So, for example, if your rent is $1000. So if your rent is $2,000 per month, your security deposit should be $2,000, though this can vary by landlord and by state. Preserving the Security Deposit. Protect yourself from scam rentals. See full list on getaround. It’s not unusual to hear a new tenant asking, “What’s a security deposit?” as they sign their lease. Written notice must be mailed with a return receipt requested to the address provided by the tenant and must include the amount of the security deposit due, if any, to the tenant, plus an itemized statement of deductions. Unlike the last month's rent, most state and local security deposit laws require the landlord to do the following: Place the deposit in an interest-bearing account. Please note that if you or the car owner contest the cancellation, your refund may take longer. California law limits the maximum security deposit to two months’ rent. The Maine Landlord-Tenant Law has rules in place for the return and collection of the security deposit under 14 ME Rev Stat 6033. You can sign up now and use your referral link to tell your friends to do the same and earn $20 in Getaround credit for yourself!A security deposit may be applied to your rental and you will be responsible for the full extent of damages in the event your insurance does not provide coverage. This should be mailed to the tenant's present address or delivered to the tenant personally. You will need to fill out some forms at the courthouse. A security deposit is a one-time payment that a landlord, real estate owner, or property management company collects from a new tenant. If your security deposit is also $1,500 per month, start the negotiations out at about 30 to 40 percent less and see if they agree to your terms. It’s up to you to choose how much security deposit to ask for up to these limits. How much the landlord can charge depends on the type of investment property they own. Getaround has a rating of 1. 30 Days: In New Jersey, a landlord must return the security deposit within 30 days after tenants move out or their lease termination. Depending on the transaction terms, your security deposit can either be refundable or non-refundable. Dive into its definition, importance, and typical costs before securing your new apartment. Specifically, state law defines a security deposit as “last month’s rent deposit” and specifies that it be written into lease contracts, as per. That said, it’s much more common for the security deposit to be. “People are being asked to pay the equivalent of the down payment of a home in many. Host Fueling; Getaround Dispute Moderation for ReviewsHowever, some situations allow for security deposit deductions, such as –. This means that the $2,000 unit could have a $6,000 security deposit. ” After the tenant gives the premises back to the landlord at the end of the lease term, the landlord must return either the entire deposit or the . Usually the tenant pays the security deposit before moving in. App. Getaround will issue a 1099 report that includes all income information, and PayPal will issue a similar 1099-K that lists transactions. If the unit is furnished, landlords can charge up to three times the monthly rent to account for potential damage to the furniture. Earn up to $10k/yr. Hire out your own car, or find a car to hire from £30/day. As a car-sharing platform, Getaround is not a traditional car rental service. Monthly Rent = Rs 15000. If you pay by check, you should write "security deposit" on it. A security deposit is money a landlord requires as proof of intent to move into and inhabit a rental. For example, you can book a 2018 Chevy Cruze for 24 hours in Salt Lake City, Utah, for $60. It works a lot like a security deposit for. How Much Is a Security Deposit? “Security deposits vary depending on the cost of the rent,” Barone says. Whatever the amount is, the rental company is only holding onto this money while you’re with the car. For example, if the security deposit is $500 and it earns 5% interest, you would get 4% of the $500, or $20 each year, and your landlord would get 1% of the $500, or $5. When combined with Getaround Connect® guests can find, book, and unlock a car using their phone, Getaround can track cars, and hosts can manage their fleet. Laws surrounding the collection and return of security deposits in Maryland should get followed accordingly by both the tenant and landlord to ensure a safer and better rental experience. 2. Security Deposits. How much a security deposit costs will also depend upon your. The minimum interest rate is 1% per year. 00. FL Stat § 83. Using Disabled Placards or Plates. Here’s an example with a monthly rent of £500: £500 x 12 = £6,000. 00* First month’s rent $1200. 351 defines. If the full deposit is not refunded, the landlord is required by law. No. The deposit is usually paid along with your first month's rent. The amount usually equals the monthly rent, Barone says. Can only request one security deposit or pet damage deposit per tenancy agreement, regardless of the number of tenants or pets Can serve a One Month Notice to End Tenancy (PDF, 2. As the name suggests, a pet deposit is similar to a refundable tenant deposit. While income may affect pricing, it will not affect your eligibility for Rhino as there is no minimum income requirement. By Jill Terreri Ramos Q: After selling our apartment in Brooklyn, my family and I rented for 14. Here's everything you need to know about renting in New York City from broker fees and security deposits to rent increases. 30 days: with deductions for damages. Let’s say you moved in August 1, 2018. If landlords do not return the security deposit within the 45-day period, tenants can file for damages in court up to $200 plus actual damages. Jan 28th 2022. The security deposit provides the landlord with assurance that the tenant will pay the rent in full and on time, take good care of the property, and not cause damage beyond normal wear and tear. No limit if rent exceeds $2,000 per month. 1 #2 What is a security deposit for?There is no limit on how much your landlord can charge for a security deposit; however it is typically one month’s rent. Value 56. Security deposit laws in North Carolina don't require landlords to provide the tenant with a receipt for the security deposit. Can my Landlord raise my Security Deposit when he raises my rent? Yes. 5. If the landlord keeps your security deposit in bad faith, they will be liable to you for $100 + three times the portion of the deposit wrongfully withheld + any attorney’s fees. For example. S. A security deposit is a one-time only payment and cannot be more than one month’s rent. First, Florida landlords can post a surety bond for the amount of security deposit. A summary of Arizona state laws governing the collection and holding of security deposits, including the maximum a landlord can charge. 1 So, once you save $200 dollars you can use it for your security deposit. Security deposit. Landlords must also follow their state's law on. The Getaround. If a landlord in bad faith does not give you an itemized list of deductions, they cannot withhold any portion of the security deposit and they cannot bring suit. ”. However, this amount may not be more than 10% of the current deposit, regardless of. Summary. Stessa will automatically record $1,800 as rental income and $2,700 as a liability on the balance sheet, and also record the monies received as a deposit to a landlord’s checking and security deposit trust accounts. Protect yourself from scam rentals. A subreddit for hosts, renters, and anyone else interested in Getaround car sharing. First time renter; how does the security deposit work? When I go to book a car, it gives the total excluding security deposit but doesn't say how much the security deposit is,. Most tenants who are renting on a month-to-month basis or after a lease has expired are required to give at least 30-days notice. Kansas law limits the maximum security deposit to one month’s rent. This percentage is a decrease from the rate set in 2021 (. A landlord generally may charge no more than one month's rent as security deposit. g. Stessa will automatically record $1,800 as rental income and $2,700 as a liability on the balance sheet, and also record the monies received as a deposit to a landlord’s checking and security deposit trust accounts. Nonrefundable Security Deposits - If there's a written lease for tenancy, nonrefundable fees must be. It's wise to draw up a sublease or lease agreement and include. It’s money “secured” for the purpose of covering the costs of potential damages or losses caused by a tenant. , claiming uninhabitable conditions). Rent Deposit Calculation. Save. 6 AZ Rev Stat § 33-1431. To ensure you get every last penny of your security deposit back, follow these steps. Level 10. Getaround makes hosting or finding, booking, and unlocking a car, truck, or van near you easy with the use of our mobile app and Getaround Connect®. How Much is a Security Deposit on an Apartment? When you’re getting ready to move into a new place, picture your security deposit like a starter’s fee in a race. 84. 77 (weekly rent) x5= £1153. If a landlord in bad faith does not give you an itemized list of deductions, they cannot withhold any portion of the security deposit and they cannot bring suit. Please note that some banks can take an additional 5-7 days before showing the released deposit on your account. Article updated on 01/31/2023. If you’re renting on a month-to. In Chicago, the landlord must return the security deposit within 45 days after the tenant moves out unless it is an owner-occupied building with 6 units or less. The amount of the security deposit is typically one month’s rent but can be higher, depending on the location of the. The deposit is usually paid along with your first month's rent. If your landlord is asking for a security deposit, be sure that this is written into your rental contract. 14 days: without deductions for damages. Getaround offers more than 60,000 vehicles available for hire in the UK and Europe. Further, Uber will credit you and have the first hourly rental, up to $60, be free. Some states limit security deposits to an amount equal to one month’s rent. If your rent is $1,500 per month, don’t expect a landlord to go for your offer of a $100 security deposit. For example, with a month's rent price of $1,300 per the lease, the maximum a landlord can charge for a deposit. Where and how you’re storing the tenant’s security deposit. How Can Tenants File a Dispute for a Security Deposit in New York? If a landlord fails to perform their obligations regarding a security deposit, the tenant can file a dispute in Small Claims Court. In addition to the security deposit, a landlord may impose a refundable deposit of up to $300 for a pet (any animal kept as a household pet, except livestock or working animals on a ranch or farm). If a landlord holds a security deposit in an account that gains interest above the statement savings rate, they can keep up to 30% of the excess interest as an administration fee. If your birthday falls between the 1 st-10 th of the month: If. Deadline to Return. Tenants can sue landlords in small claims court for the return of their deposit, up to a dollar amount of $5,500. 1 AZ Rev Stat § 33-1321. However, the platform does not always require deposits. Getaround. Sources. How much security deposit can a landlord charge? A: If your agreement with the landlord is to rent his property on a week-to-week basis, your deposit may not exceed the equivalent of two weeks’ rent. For unfurnished rentals, the maximum security deposit amount is set at $995, while for furnished rentals, it is $1,500. Everything you need to know about Getaround Florida. 102 is the primary governing documentation on how landlords in the state are meant to handle the collection and return of the security deposit in the state. Getaround TrustScore is factored into all trips which means that for some trips, security deposits and fees may fluctuate. 1MB) if a tenant fails to pay the security deposit within 30 days of entering into the tenancy agreement or a pet damage deposit within 30 days of when. In addition to the security deposit, a landlord may impose a refundable deposit of up to $300 for a pet (any animal kept as a household pet, except livestock or. Texas Security Deposit Limit. com As a security measure, Getaround may add a temporary authorization of up to $150, usually for first-time renters only. There are no set limits on how much a landlord may charge for a damage/security deposit under state law. The owner then tries to make the driver pay for the rental outside of Getaround to steal their money or payment information. The landlord can: Hold this money for the tenant in the trust until the end of the lease. Getaround's Terms of Service Security Deposits Roadside Assistance (Guest) Booking. The vast majority of rental companies will require a credit card in the renter’s name for the deposit, ensure that your card limit doesn’t surpass the security deposit. 102 of the Texas Property Code defines “security deposit”: A security deposit is any advance of money, other than a rental application deposit or an advance payment of rent, that is intended primarily to secure performance under a lease of a dwelling that has been entered into by a landlord and a tenant. If the tenant moved out because of a fire, the landlord must return the security deposit within 7 days. Share your cars to start an instant business. Some states have no limit on the amount of a security deposit a landlord can request. After the lease ends, landlords have up to 30 days to return your security deposit. So I text her again, "I thought everything was okay between us. at every level. Santa Monica: (310) 458-8751. You may be able to put down $49, $99 or $200 in return for a $200 credit line, which could make the card only partially secured. In absence of any other fees, the security deposit will be released on your bank account at the planned date. If he doesn’t plan on giving it back, he must send you a letter that states the damages that you have. If rent is $650 per month, how much was the security deposit? a. This means that the maximum amount of money a New York City landlord may collect upon lease signing is one month of rent and a one month security deposit, for a total of. Returning Deposits. 5. As a result, if the rental has a monthly rent price of $800, and you have to pay the first month’s rent and a security deposit upfront, you’d need to give your landlord $1,600 in total to move into the. After you’ve moved, the landlord will have two weeks to return your security deposit or 45 days if you request an itemized list of deductions. So I text her again, "I thought everything was okay between us. If a security deposit is more than $100, the law requires landlords to hold the money in an escrow account — or an account meant to temporarily hold funds — and tell you where the bank is located. Security Deposit $600. 14 days: without deductions for damages. According to the American Bar Association, a security deposit is defined as “money to protect the landlord in case the tenant damages the property or fails to pay rent. › This also means that your landlord may not chargeThe security deposit, in the form of a check, should be accompanied by a security deposit return letter. Enterprise: Enterprise typically places a hold on 120% of the estimated car rental cost on credit card rentals. Enter your address into the search bar, if it doesn’t already appear. Changes in Maximum Security Deposit Amount: Explore the revisions made to the maximum amount landlords can charge as a security deposit. Florida law states that a landlord can store tenants security deposits in three different ways. If a landlord in bad faith does not give you an itemized list of deductions, they cannot withhold any portion of the security deposit and they cannot bring suit. 00 minimum. August 16, 2023. Reply. Tenants pay the security deposit before moving in, often paid with the first and last month’s rent at the lease signing. Most helpful articles for drivers. If your car has Enhanced Security enabled and you travel to a remote area where data network coverage (i. [2] See Portland Landlord-Tenant Law for more information. Alaska. Typically, it’s equal to one or two months’ rent, but the amount of your security deposit varies depending on your location, as each state has security deposit. 2% of their earnings into the Social Security system, and employers match this amount. 15%). A security deposit is a one-time refundable payment to your landlord or property manager that they could use to cover the cost of any damage to the property when you move out of your rental. As a Supplemental Security Income recipient,. The tenant and landlord can also use a mediation program to try to resolve their dispute out of court. Better_Fortune3492 • 2 mo. Last reviewed October 2023. How Much: Changes annually (0. Discount codes and promotions cannot be applied to the Under 25 Fee. When the landlord doesn't get a response from said tenant 60 days after sending a notice, the. Getaround is also running a referral program for users. " At this point I'm a bit suspicious so I ask her if she received the 50 dollars. Smoking Policy. You can sign up now and use your referral link to tell your friends to do the same and earn $20 in Getaround credit for yourself! In Chicago, the landlord must return the security deposit within 45 days after the tenant moves out unless it is an owner-occupied building with 6 units or less. These range widely. (b) Not exceed six months’ rent, in case of non-residential premises. While a. Value 56. Specific limit to the pet deposit. State laws regarding pet deposits fall into three categories: No limit to the pet deposit or any other security deposit. West Hollywood: (323) 848-6450. If you are only planning to rent out the vehicle on weekends, Getaround estimates that you’ll earn around $500 per month. Utility Deposit. Maximum Security Deposit Allowed in Texas. In Singapore, the signing of the rental agreement is often concurrent with your handing over of the security deposit. The amount usually equals the monthly rent, Barone says. By PropertyClub Team. 101, et seq. If you win the suit not only will you receive the security. The landlord may place the security deposit in a state or federally-regulated account. Simply book, unlock, and drive. If your rent is $1,500 per month, don’t expect a landlord to go for your offer of a $100 security deposit. Unfortunately, the right to keep or subtract from the security deposit is forfeited by the landlord if the security deposit is not returned on time, together with an itemized statement of deductions. However, if the unit is furnished, a landlord can charge up to one and one-half month’s rent. On the other hand, hosts can charge between $100-$5,000 deposit for the security deposit. They are there to protect property managers, landlords, and tenants. As you are dealing with car owners directly, you can expect much better customer service, a wide range of vehicles, and options more suited to your needs. Getaround ranks 184th among Car Rental sites. By convention (not law), the security deposit is one month’s rent for a one-year lease, or double that for a two-year lease. [1] The security deposits must not be mixed with the landlord’s own funds. Nov. However, no security system is impenetrable, and we cannot guarantee the. The 2023 Guide for Landlords. You should be reimbursed on check-out. If a host makes a claim and Airbnb agrees that damage is to be paid for then they charge the guest. You may even find apartment communities that ask for as little as $100 for a security deposit. Landlords must follow certain rules for security deposits during a tenant’s move in and move out, as well as for returning security deposits. The 2023 Guide for Landlords. Do not withhold from the deposit until. Deadline to Return. This sum serves as a protective measure, ensuring the landlord has a financial cushion against potential damages or unpaid rent. Ensure that the landlord is informed of this so that you can get a refund on the repair works. Section 92. So for example, if you’re charging $3,000/month for rent, you could reasonably charge a 50% pet deposit at $1,500. It typically costs less than $100 to file. § 8-203. The owner then tries to make the driver pay for the rental outside of Getaround to steal their money or payment information. As a last resort, you may file a claim in the Small Claims Tribunals. It’s money that’s used by the landlord as a form of insurance to protect themselves against property damage caused by the tenant or a missed rent payment. statute ORS 90. It’s now illegal for a landlord to ask for a deposit that’s more than one month of rent under the proposed lease. California bill seeks to cap how much renters' have to pay in security deposits 02:50. Landlords can give tenants the option to pay a payable at the same time as rent instead of a security deposit. For further details, see HCR Fact Sheet #9. Limerick, Ireland. A security deposit can be used to pay unpaid rent, unpaid water bills, unpaid tax escalation and property damage, provided the rent was not lawfully withheld (e. If the landlord cannot determine the damages within thirty (30) days, then the landlord has to send an interim accounting to the tenant within thirty (30. Florida Security Deposit Laws for 2023 | Deductions, Returns, & Rights. Reviewers complaining about Getaround most frequently mention customer service, credit card, and car owner problems. The following is a basic overview of the deposit laws in the state of Texas. These rules are meant to protect the rights of both landlords and tenants by explaining the obligations of each party. This year's security deposit interest rate. Getaround prioritizes the safety and security of its community members by implementing proactive safety measures, verifying identities, maintaining insurance coverage, and using advanced technology to prevent fraud. 7.