The provider shall close a HSG as follows:
- (a) The HSG is cancelled which means that the tenant has vacated the dwelling or housing unit, and the landlord has not made a claim for payment on the HSG;
- (b) The HSG is redeemed which means the tenant has paid the provider the full amount of the HSG and the landlord has received a monetary security deposit in place of the HSG; or
- (c) The tenant defaults on the amount of the HSG in whole or in part, which means that the landlord has submitted a substantiated claim for payment on the HSG which exceeds the dollar amount paid by the tenant to the provider.
Source. #9579, eff 10-24-09, EXPIRED: 10-24-17