[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"guide-payload-are-landlords-required-to-keep-security-deposits-in-interest-bearing-accounts":3},{"id":4,"cmsSource":5,"title":6,"slug":7,"butterSlug":7,"category":8,"state":8,"legalPage":8,"author":8,"tldr":8,"costBreakdown":9,"summary":10,"featuredImage":8,"featuredImageUrl":11,"featuredImageAlt":8,"hero":12,"headerOverride":13,"tocTitle":8,"hideToc":8,"body":15,"categories":24,"tags":25,"primaryProduct":30,"meta":31,"updatedAt":33,"createdAt":34,"_status":35},33,"payload","Are landlords required to keep security deposits in interest-bearing accounts?","are-landlords-required-to-keep-security-deposits-in-interest-bearing-accounts",null,[],"Many states require landlords to keep tenant security deposits in interest-bearing accounts. Often the rules include requirements for notifying tenants of the location of such accounts and related details. Below you will find a regularly updated table indicating whether landlords are required to maintain tenant security deposits in interest-bearing","https:\u002F\u002Fcdn.buttercms.com\u002FH3X19crYRZ62ozqb2lb7",{"overline":8,"title":8,"subtitle":8},{"title":8,"link":8,"cta":14},"Get Started",[16,20],{"id":17,"content":8,"legacyHtml":18,"blockName":8,"blockType":19},"6a0c420e6ab1b500603df0d3","\u003Cp>Many states require landlords to keep tenant security deposits in interest-bearing accounts. Often the rules include requirements for notifying tenants of the location of such accounts and related details. Below you will find a regularly updated table indicating whether landlords are required to maintain tenant security deposits in interest-bearing accounts for all 50 states.\u003C\u002Fp>","guide-rich-text",{"id":21,"html":22,"blockName":8,"blockType":23},"6a0c420e6ab1b500603df0d4","\u003Ctable>\n\u003Cthead>\n\u003Ctr>\n\u003Cth colspan=\"2\" style=\"text-align: center;\">Security Deposits in Interest-Bearing Accounts\u003Cbr>State-by-State Requirements\u003C\u002Fth>\n\u003C\u002Ftr>\n\u003C\u002Fthead>\n\u003Ctbody>\n\u003Ctr>\n\u003Ctd style=\"vertical-align: top;\">Alabama\u003C\u002Ftd>\n\u003Ctd>Not required\u003C\u002Ftd>\n\u003C\u002Ftr>\n\u003Ctr>\n\u003Ctd style=\"vertical-align: top;\">Alaska\u003C\u002Ftd>\n\u003Ctd>\u003Cspan data-sheets-userformat=\"{"2":13249,"3":{"1":0},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"A if security deposit placed in a trust account. Always specify in lease. (AS 34.03.070(c))"}\">Not required. However, use of an interest-bearing account is advisable if the security deposit is placed into a trust account. Always specify in the lease (\u003Ca href=\"http:\u002F\u002Fwww.law.alaska.gov\u002Fdepartment\u002Fcivil\u002Fconsumer\u002F3403010.html\" target=\"_blank\" rel=\"noopener\">AS 34.03.070(c)\u003C\u002Fa>).\u003C\u002Fspan>\u003C\u002Ftd>\n\u003C\u002Ftr>\n\u003Ctr>\n\u003Ctd style=\"vertical-align: top;\">Arizona\u003C\u002Ftd>\n\u003Ctd>Not required\u003C\u002Ftd>\n\u003C\u002Ftr>\n\u003Ctr>\n\u003Ctd style=\"vertical-align: top;\">Arkansas\u003C\u002Ftd>\n\u003Ctd>Not required\u003C\u002Ftd>\n\u003C\u002Ftr>\n\u003Ctr>\n\u003Ctd style=\"vertical-align: top;\">California\u003C\u002Ftd>\n\u003Ctd>Not required\u003C\u002Ftd>\n\u003C\u002Ftr>\n\u003Ctr>\n\u003Ctd style=\"vertical-align: top;\">\u003Cspan data-sheets-userformat=\"{"2":8403937,"3":{"1":0},"8":{"1":[{"1":2,"2":0,"5":{"1":2,"2":0}},{"1":0,"2":0,"3":3},{"1":1,"2":0,"4":1}]},"9":0,"10":0,"11":4,"12":0,"14":{"1":2,"2":0},"15":"Calibri","16":11,"26":400}\" data-sheets-value=\"{"1":2,"2":"Colorado"}\">Colorado\u003C\u002Fspan>\u003C\u002Ftd>\n\u003Ctd>Not required\u003C\u002Ftd>\n\u003C\u002Ftr>\n\u003Ctr>\n\u003Ctd style=\"vertical-align: top;\">\u003Cspan data-sheets-userformat=\"{"2":8403937,"3":{"1":0},"8":{"1":[{"1":2,"2":0,"5":{"1":2,"2":0}},{"1":0,"2":0,"3":3},{"1":1,"2":0,"4":1}]},"9":0,"10":0,"11":4,"12":0,"14":{"1":2,"2":0},"15":"Calibri","16":11,"26":400}\" data-sheets-value=\"{"1":2,"2":"Connecticut"}\">Connecticut\u003C\u002Fspan>\u003C\u002Ftd>\n\u003Ctd>\u003Cspan data-sheets-userformat=\"{"2":13249,"3":{"1":0},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"Y. Security Deposit must be deposited into an escrow account generating interest (Conn gen statute 47a-21(h)). Interest paid annually. Interest rate in the amount at least the average commercial banks savings deposit rate (determined by Banking Commissioner & published here: <a href=\">Security deposits must be deposited into an escrow account generating interest. Interest must be paid or credited to tenants annually at a rate at least equal to the average commercial bank's savings deposit rate (as determined by the Banking Commissioner \u003Cspan data-sheets-userformat=\"{"2":13249,"3":{"1":0},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"Y. Security Deposit must be deposited into an escrow account generating interest (Conn gen statute 47a-21(h)). Interest paid annually. Interest rate in the amount at least the average commercial banks savings deposit rate (determined by Banking Commissioner & published here: <a href=\">\u003Ca href=\"http:\u002F\u002Fwww.ct.gov\u002Fdob\u002Fcwp\u002Fview.asp?a=2247&q=299050\" target=\"_blank\" title=\"\" rel=\"noopener\">here\u003C\u002Fa>).\u003Cspan data-sheets-userformat=\"{"2":13249,"3":{"1":0},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"Y. Security Deposit must be deposited into an escrow account generating interest (Conn gen statute 47a-21(h)). Interest paid annually. Interest rate in the amount at least the average commercial banks savings deposit rate (determined by Banking Commissioner & published here: <a href=\"> The interest is forfeited if the tenant is delinquent on rent for 10+ days (unless the late fee is paid) \u003Cspan data-sheets-userformat=\"{"2":13249,"3":{"1":0},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"Y. Security Deposit must be deposited into an escrow account generating interest (Conn gen statute 47a-21(h)). Interest paid annually. Interest rate in the amount at least the average commercial banks savings deposit rate (determined by Banking Commissioner & published here: <a href=\">(\u003Ca href=\"https:\u002F\u002Fwww.cga.ct.gov\u002F2001\u002Fpub\u002FChap831.htm#sec47a-21.htm\" target=\"_blank\" rel=\"noopener\">Conn gen statute 47a-21(h)\u003C\u002Fa>).\u003C\u002Fspan>\u003C\u002Fspan> \u003C\u002Fspan> \u003C\u002Fspan>\u003C\u002Ftd>\n\u003C\u002Ftr>\n\u003Ctr>\n\u003Ctd style=\"vertical-align: top;\">\u003Cspan data-sheets-userformat=\"{"2":8403939,"3":{"1":0},"4":{"1":2,"2":16773836},"8":{"1":[{"1":2,"2":0,"5":{"1":2,"2":0}},{"1":0,"2":0,"3":3},{"1":1,"2":0,"4":1}]},"9":0,"10":0,"11":4,"12":0,"14":{"1":2,"2":0},"15":"Calibri","16":11,"26":400}\" data-sheets-value=\"{"1":2,"2":"Delaware"}\">Delaware\u003C\u002Fspan>\u003C\u002Ftd>\n\u003Ctd>\u003Cspan data-sheets-userformat=\"{"2":13249,"3":{"1":0},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"Y. Security deposit must be placed in escrow bank account in federally-insurred banking institute in the United States. LL must disclosre location of the security deposit account (25 Delaware Code S. 5514(b)). "}\">Security deposits must be placed in an escrow bank account in a federally-insured banking institute in the United States. Landlords must disclose the location of the security deposit account (\u003Ca href=\"http:\u002F\u002Fdelcode.delaware.gov\u002Ftitle25\u002Fc055\u002Findex.shtml\" target=\"_blank\" rel=\"noopener\">25 Delaware Code S. 5514(b)\u003C\u002Fa>). \u003C\u002Fspan>\u003C\u002Ftd>\n\u003C\u002Ftr>\n\u003Ctr>\n\u003Ctd style=\"vertical-align: top;\">\u003Cspan data-sheets-userformat=\"{"2":8403939,"3":{"1":0},"4":{"1":2,"2":16773836},"8":{"1":[{"1":2,"2":0,"5":{"1":2,"2":0}},{"1":0,"2":0,"3":3},{"1":1,"2":0,"4":1}]},"9":0,"10":0,"11":4,"12":0,"14":{"1":2,"2":0},"15":"Calibri","16":11,"26":400}\" data-sheets-value=\"{"1":2,"2":"District of Columbia"}\">District of Columbia\u003C\u002Fspan>\u003C\u002Ftd>\n\u003Ctd>\u003Cspan data-sheets-userformat=\"{"2":13249,"3":{"1":0},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"Y. Security deposit must be placed in interest bearing escrow account in DC & federally\u002Fstate insured. (DC Municipal Regulations Chapter 14 S.308.3) LL must post\u002Fdisclose in writting, at the end of calendar year, where security deposits are held 7 prevail rate for each 6-month period. Also list info at end of lease (DC Mun. Reg. Ch. 14 S.308.7) "}\">Security deposits must be placed into interest-bearing escrow accounts in D.C. and be federally or state insured (\u003Ca href=\"http:\u002F\u002Fwww.dcregs.dc.gov\u002FGateway\u002FRuleHome.aspx?RuleNumber=14-308\" target=\"_blank\" rel=\"noopener\">DC Municipal Regulations Chapter 14 S.308.3\u003C\u002Fa>). Landlords must post or disclose in writing, at the end of the calendar year, where security deposits are held and the prevailing rate for each six-month period over the past year. At the end of a tenant’s tenancy, the landlord must list for the tenant the interest rate for each six-month period during the tenancy (\u003Ca href=\"http:\u002F\u002Fwww.dcregs.dc.gov\u002FGateway\u002FRuleHome.aspx?RuleNumber=14-308\" target=\"_blank\" rel=\"noopener\">DC Mun. Reg. Ch. 14 S.308.7\u003C\u002Fa>).\u003C\u002Fspan>\u003C\u002Ftd>\n\u003C\u002Ftr>\n\u003Ctr>\n\u003Ctd style=\"vertical-align: top;\">Florida\u003C\u002Ftd>\n\u003Ctd>\u003Cspan data-sheets-userformat=\"{"2":13251,"3":{"1":0},"4":{"1":2,"2":16773836},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"Y. Interest bearing account allowed but not required. NO COMINGLING OF FUNDS. (Fla. Stat. Ann. \\u00a7 83.49(1)(a)&(b)) Disclose name & address\u002Flocation of depository & interest (and rate) or non-interest bearing status. ADVISABLE to add disclosure language in (Fla. Stat. Ann S. 83.49(2)(d)). "}\">Interest-bearing accounts are allowed but not required. Commingling of funds is prohibited (\u003Ca href=\"http:\u002F\u002Fwww.leg.state.fl.us\u002Fstatutes\u002Findex.cfm?App_mode=Display_Statute&URL=0000-0099\u002F0083\u002FSections\u002F0083.49.html\" target=\"_blank\" rel=\"noopener\">Fla. Stat. Ann. § 83.49(1)(a) & (b)\u003C\u002Fa>). Landlords must disclose the name and address or the location of the depository, interest or non-interest bearing status, and the interest rate, if any. It is advisable to add disclosure language according to (\u003Ca href=\"http:\u002F\u002Fwww.leg.state.fl.us\u002Fstatutes\u002Findex.cfm?App_mode=Display_Statute&URL=0000-0099\u002F0083\u002FSections\u002F0083.49.html\" rel=\"noopener noreferrer\" target=\"_blank\" title=\"\">Fla. Stat. Ann § 83.49(2)(d)\u003C\u002Fa>\u003C\u002Fspan>).\u003C\u002Ftd>\n\u003C\u002Ftr>\n\u003Ctr>\n\u003Ctd style=\"vertical-align: top;\">\u003Cspan data-sheets-userformat=\"{"2":8403937,"3":{"1":0},"8":{"1":[{"1":2,"2":0,"5":{"1":2,"2":0}},{"1":0,"2":0,"3":3},{"1":1,"2":0,"4":1}]},"9":0,"10":0,"11":4,"12":0,"14":{"1":2,"2":0},"15":"Calibri","16":11,"26":400}\" data-sheets-value=\"{"1":2,"2":"Georgia"}\">Georgia\u003C\u002Fspan>\u003C\u002Ftd>\n\u003Ctd>\u003Cspan data-sheets-userformat=\"{"2":13249,"3":{"1":0},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"Y. Nonrefundable fee allows. If owner has 10 rental units or more or property is managed by 3rd party (O.C.G.A. \\u00a7 44-7-36 ), Security Deposit must be returned and kept in escrow account with location info to tenant (O.C.G.A. \\u0e07 44-7-31). If owner has less than 10 rental units, do not need to deposit in interest-bearing account. No interest required (O.C.G.A. \\u0e07 44-7-31)"}\">Nonrefundable fees are allowed, but not nonrefundable security deposits \u003Cspan data-sheets-userformat=\"{"2":13249,"3":{"1":0},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"Y. Nonrefundable fee allows. If owner has 10 rental units or more or property is managed by 3rd party (O.C.G.A. \\u00a7 44-7-36 ), Security Deposit must be returned and kept in escrow account with location info to tenant (O.C.G.A. \\u0e07 44-7-31). If owner has less than 10 rental units, do not need to deposit in interest-bearing account. No interest required (O.C.G.A. \\u0e07 44-7-31)"}\">(\u003Ca href=\"https:\u002F\u002Flaw.justia.com\u002Fcodes\u002Fgeorgia\u002F2017\u002Ftitle-44\u002Fchapter-7\u002Farticle-2\u002Fsection-44-7-30\u002F\" rel=\"noopener noreferrer\" target=\"_blank\" title=\"\">O.C.G.A. § 44-7-30\u003C\u002Fa>)\u003C\u002Fspan>. If an owner owns more than 10 rental units or management, including rent collection, is performed by third persons, natural or otherwise, for a fee (\u003Ca href=\"https:\u002F\u002Flaw.justia.com\u002Fcodes\u002Fgeorgia\u002F2017\u002Ftitle-44\u002Fchapter-7\u002Farticle-2\u002Fsection-44-7-36\u002F\" rel=\"noopener noreferrer\" target=\"_blank\" title=\"\">O.C.G.A. § 44-7-36\u003C\u002Fa>), then the Security Deposit must be kept in an escrow account established only for that purpose and the location must be disclosed to the tenant. If an owner owns 10 or fewer rental units, the landlord does not need to deposit in an escrow account (\u003Ca href=\"https:\u002F\u002Flaw.justia.com\u002Fcodes\u002Fgeorgia\u002F2017\u002Ftitle-44\u002Fchapter-7\u002Farticle-2\u002Fsection-44-7-31\u002F\" rel=\"noopener noreferrer\" target=\"_blank\" title=\"\">O.C.G.A. \u003Cspan data-sheets-userformat=\"{"2":13249,"3":{"1":0},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"Y. Nonrefundable fee allows. If owner has 10 rental units or more or property is managed by 3rd party (O.C.G.A. \\u00a7 44-7-36 ), Security Deposit must be returned and kept in escrow account with location info to tenant (O.C.G.A. \\u0e07 44-7-31). If owner has less than 10 rental units, do not need to deposit in interest-bearing account. No interest required (O.C.G.A. \\u0e07 44-7-31)"}\">§\u003C\u002Fspan> 44-7-31\u003C\u002Fa>).\u003C\u002Fspan>\u003C\u002Ftd>\n\u003C\u002Ftr>\n\u003Ctr>\n\u003Ctd style=\"vertical-align: top;\">\u003Cspan data-sheets-userformat=\"{"2":8403937,"3":{"1":0},"8":{"1":[{"1":2,"2":0,"5":{"1":2,"2":0}},{"1":0,"2":0,"3":3},{"1":1,"2":0,"4":1}]},"9":0,"10":0,"11":4,"12":0,"14":{"1":2,"2":0},"15":"Calibri","16":11,"26":400}\" data-sheets-value=\"{"1":2,"2":"Hawaii"}\">Hawaii\u003C\u002Fspan>\u003C\u002Ftd>\n\u003Ctd>Not required\u003C\u002Ftd>\n\u003C\u002Ftr>\n\u003Ctr>\n\u003Ctd style=\"vertical-align: top;\">\u003Cspan data-sheets-userformat=\"{"2":8403937,"3":{"1":0},"8":{"1":[{"1":2,"2":0,"5":{"1":2,"2":0}},{"1":0,"2":0,"3":3},{"1":1,"2":0,"4":1}]},"9":0,"10":0,"11":4,"12":0,"14":{"1":2,"2":0},"15":"Calibri","16":11,"26":400}\" data-sheets-value=\"{"1":2,"2":"Idaho"}\">Idaho\u003C\u002Fspan>\u003C\u002Ftd>\n\u003Ctd>\u003Cspan data-sheets-userformat=\"{"2":13249,"3":{"1":0},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"A per Attorney General Handbook pg 6 & 25: The amount of the security deposit, the name of the financial institution where it will be held in escrow and an explanation of how the landlord will use it at the end of the tenancy"}\">It is advisable to keep deposits in interest-bearing accounts, though it is not required. The lease should include the amount of the security deposit, the name of the financial institution where it will be held in escrow, and an explanation of how the landlord will use it at the end of the tenancy (\u003Cspan data-sheets-userformat=\"{"2":13249,"3":{"1":0},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"A per Attorney General Handbook pg 6 & 25: The amount of the security deposit, the name of the financial institution where it will be held in escrow and an explanation of how the landlord will use it at the end of the tenancy"}\">Attorney General Handbook (pg. 6 & 25)).\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Ftd>\n\u003C\u002Ftr>\n\u003Ctr>\n\u003Ctd style=\"vertical-align: top;\">\u003Cspan data-sheets-note=\"Not applicable for mobile homes\" data-sheets-userformat=\"{"2":8403937,"3":{"1":0},"8":{"1":[{"1":2,"2":0,"5":{"1":2,"2":0}},{"1":0,"2":0,"3":3},{"1":1,"2":0,"4":1}]},"9":0,"10":0,"11":4,"12":0,"14":{"1":2,"2":0},"15":"Calibri","16":11,"26":400}\" data-sheets-value=\"{"1":2,"2":"Illinois"}\">Illinois\u003C\u002Fspan>\u003C\u002Ftd>\n\u003Ctd>\u003Cspan data-sheets-userformat=\"{"2":13249,"3":{"1":0},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"Y only applicable for LL with 25 units or more. Interest must be paid at a rate equal to the minimum passbook savings account interest rate paid by the largest Illinois commercial bank as of December 31 of the year prior to the beginning of the lease. (765 ILCS 715\u002F1)    The lessor shall, within 30 days after the end of each 12 month rental period, pay to the lessee any interest that has accumulated to an amount of $5 or more, by cash or credit to be applied to rent due, except when the lessee is in default under the terms of the lease. The lessor shall pay all interest that has accumulated and remains unpaid, regardless of the amount, upon termination of the tenancy. (765 ILCS 715\u002F2)"}\">Landlords with 25 units or more must keep security deposits in interest-bearing accounts. Interest must be paid to tenants at a rate equal to the minimum passbook savings account interest rate paid by the largest Illinois commercial bank as of December 31 of the year prior to the beginning of the lease (\u003Ca href=\"http:\u002F\u002Filga.gov\u002Flegislation\u002Filcs\u002Fdocuments\u002F076507150K1.htm\" target=\"_blank\" rel=\"noopener\">765 ILCS 715\u002F1\u003C\u002Fa>). The lessor shall, within 30 days after the end of each 12-month rental period, pay to the lessee any interest that has accumulated to an amount of $5 or more, by cash or credit to be applied to rent due, except when the lessee is in default under the terms of the lease. The lessor shall pay all interest that has accumulated and remains unpaid, regardless of the amount, upon termination of the tenancy (\u003Ca href=\"http:\u002F\u002Filga.gov\u002Flegislation\u002Filcs\u002Fdocuments\u002F076507150K2.htm\" target=\"_blank\" rel=\"noopener\">765 ILCS 715\u002F2\u003C\u002Fa>).\u003C\u002Fspan>\u003C\u002Ftd>\n\u003C\u002Ftr>\n\u003Ctr>\n\u003Ctd style=\"vertical-align: top;\">Indiana\u003C\u002Ftd>\n\u003Ctd>Not required\u003C\u002Ftd>\n\u003C\u002Ftr>\n\u003Ctr>\n\u003Ctd style=\"vertical-align: top;\">\u003Cspan data-sheets-note=\"Exclude Mobile, Manufactured , and Modular Homes (Iowa Uniform Residential Landlord and Tenant Act (IURLTA) Chapter 562B)\" data-sheets-userformat=\"{"2":8403937,"3":{"1":0},"8":{"1":[{"1":2,"2":0,"5":{"1":2,"2":0}},{"1":0,"2":0,"3":3},{"1":1,"2":0,"4":1}]},"9":0,"10":0,"11":4,"12":0,"14":{"1":2,"2":0},"15":"Calibri","16":11,"26":400}\" data-sheets-value=\"{"1":2,"2":"Iowa"}\">Iowa\u003C\u002Fspan>\u003C\u002Ftd>\n\u003Ctd>\u003Cspan data-sheets-userformat=\"{"2":13249,"3":{"1":0},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"Y if security depsoit placed in trust account that bears interest (optional). If interest bearing, interest on first 5 years of tenancy to LL, thereafter to tenant (Iowa Code 562A.12(2))."}\">Keeping security deposits in interest-bearing accounts is not required; however, if the account is interest bearing, interest earned during the first five years of the tenancy goes to the landlord and thereafter to the tenant. Security deposits may not be commingled with the personal funds of the landlord (\u003Ca href=\"https:\u002F\u002Fcoolice.legis.iowa.gov\u002FCool-ICE\u002Fdefault.asp?category=billinfo&service=IowaCode&input=562A.12\" target=\"_blank\" rel=\"noopener\">Iowa Code 562A.12(2)\u003C\u002Fa>).\u003C\u002Fspan>\u003C\u002Ftd>\n\u003C\u002Ftr>\n\u003Ctr>\n\u003Ctd style=\"vertical-align: top;\">\u003Cspan data-sheets-note=\"Exclude Mobile Homes\" data-sheets-userformat=\"{"2":8403937,"3":{"1":0},"8":{"1":[{"1":2,"2":0,"5":{"1":2,"2":0}},{"1":0,"2":0,"3":3},{"1":1,"2":0,"4":1}]},"9":0,"10":0,"11":4,"12":0,"14":{"1":2,"2":0},"15":"Calibri","16":11,"26":400}\" data-sheets-value=\"{"1":2,"2":"Kansas"}\">Kansas\u003C\u002Fspan>\u003C\u002Ftd>\n\u003Ctd>Not required\u003C\u002Ftd>\n\u003C\u002Ftr>\n\u003Ctr>\n\u003Ctd style=\"vertical-align: top;\">\u003Cspan data-sheets-userformat=\"{"2":8403937,"3":{"1":0},"8":{"1":[{"1":2,"2":0,"5":{"1":2,"2":0}},{"1":0,"2":0,"3":3},{"1":1,"2":0,"4":1}]},"9":0,"10":0,"11":4,"12":0,"14":{"1":2,"2":0},"15":"Calibri","16":11,"26":400}\" data-sheets-value=\"{"1":2,"2":"Kentucky"}\">Kentucky\u003C\u002Fspan>\u003C\u002Ftd>\n\u003Ctd>\u003Cspan data-sheets-userformat=\"{"2":13249,"3":{"1":0},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"Y. Security deposit place in any bank or lending institute subject to Kentucky or US regulation. Include location & account number. No comingling. (Ky Rev Stat Ann 383.580(1)& (3)). "}\">Security deposits must be placed in a bank or lending institute subject to Kentucky or US regulation. Prospective tenants shall be informed of the location of the separate account and the account number. \u003Cspan data-sheets-userformat=\"{"2":13249,"3":{"1":0},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"Y if security depsoit placed in trust account that bears interest (optional). If interest bearing, interest on first 5 years of tenancy to LL, thereafter to tenant (Iowa Code 562A.12(2))."}\">Security deposits may not be commingled with the personal funds of the landlord \u003C\u002Fspan>(\u003Ca href=\"http:\u002F\u002Fwww.lrc.ky.gov\u002Fstatutes\u002Fstatute.aspx?id=35733\" target=\"_blank\" rel=\"noopener\">Ky Rev Stat Ann 383.580(1)& (3)\u003C\u002Fa>). \u003C\u002Fspan>\u003C\u002Ftd>\n\u003C\u002Ftr>\n\u003Ctr>\n\u003Ctd style=\"vertical-align: top;\">\u003Cspan data-sheets-userformat=\"{"2":8403937,"3":{"1":0},"8":{"1":[{"1":2,"2":0,"5":{"1":2,"2":0}},{"1":0,"2":0,"3":3},{"1":1,"2":0,"4":1}]},"9":0,"10":0,"11":4,"12":0,"14":{"1":2,"2":0},"15":"Calibri","16":11,"26":400}\" data-sheets-value=\"{"1":2,"2":"Louisiana"}\">Louisiana\u003C\u002Fspan>\u003C\u002Ftd>\n\u003Ctd>Not required\u003C\u002Ftd>\n\u003C\u002Ftr>\n\u003Ctr>\n\u003Ctd style=\"vertical-align: top;\">\u003Cspan data-sheets-userformat=\"{"2":8403937,"3":{"1":0},"8":{"1":[{"1":2,"2":0,"5":{"1":2,"2":0}},{"1":0,"2":0,"3":3},{"1":1,"2":0,"4":1}]},"9":0,"10":0,"11":4,"12":0,"14":{"1":2,"2":0},"15":"Calibri","16":11,"26":400}\" data-sheets-value=\"{"1":2,"2":"Maine"}\">Maine\u003C\u002Fspan>\u003C\u002Ftd>\n\u003Ctd>\u003Cspan data-sheets-userformat=\"{"2":13249,"3":{"1":0},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"N, no interest required but security deposit msut be held in bank account\u002Ffinancial institution so that it\" for=\"\" name=\"\">Not required. However, security deposits must be held in a bank account or other financial institution so as to keep them beyond the claim of the landlord's creditors and may not be commingled with other funds (\u003Ca href=\"http:\u002F\u002Flegislature.maine.gov\u002Fstatutes\u002F14\u002Ftitle14sec6038.html\" target=\"_blank\" rel=\"noopener\">14 MRS 6038(1)\u003C\u002Fa>). The landlord must disclose the account number and the name of the financial institution orally or in writing. This requirement does not apply to any tenancy for a dwelling unit which is part of a structure containing no more than five dwelling units, one of which is occupied by the landlord (\u003Ca href=\"http:\u002F\u002Flegislature.maine.gov\u002Fstatutes\u002F14\u002Ftitle14sec6037.html\" target=\"_blank\" rel=\"noopener\">14 MRS 6037(2)\u003C\u002Fa>). \u003C\u002Fspan>\u003C\u002Ftd>\n\u003C\u002Ftr>\n\u003Ctr>\n\u003Ctd style=\"vertical-align: top;\">\u003Cspan data-sheets-userformat=\"{"2":8403937,"3":{"1":0},"8":{"1":[{"1":2,"2":0,"5":{"1":2,"2":0}},{"1":0,"2":0,"3":3},{"1":1,"2":0,"4":1}]},"9":0,"10":0,"11":4,"12":0,"14":{"1":2,"2":0},"15":"Calibri","16":11,"26":400}\" data-sheets-value=\"{"1":2,"2":"Maryland"}\">Maryland\u003C\u002Fspan>\u003C\u002Ftd>\n\u003Ctd>\u003Cspan data-sheets-userformat=\"{"2":13249,"3":{"1":0},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"Y, security deposit to be held in financial institutes within Maryland with account devoted exclusively to security deposits and bearing interest. (Me Code Ann 8-203(d)(1)(ii). Alternatively, $ could be held in insured certificates of deposits or securities issued by fed or state of Maryland. (Md Code Ann 8-203(d)(2). "}\">Security deposits must be held in financial institutions within Maryland in an account devoted exclusively to security deposits and bearing interest (Md Code Ann 8-203(d)(1)(ii)). Alternatively, deposits may be held in insured certificates of deposits or securities issued federally or by the state of Maryland (Md Code Ann 8-203(d)(2)). \u003C\u002Fspan>\u003C\u002Ftd>\n\u003C\u002Ftr>\n\u003Ctr>\n\u003Ctd style=\"vertical-align: top;\">\u003Cspan data-sheets-userformat=\"{"2":8403939,"3":{"1":0},"4":{"1":2,"2":16773836},"8":{"1":[{"1":2,"2":0,"5":{"1":2,"2":0}},{"1":0,"2":0,"3":3},{"1":1,"2":0,"4":1}]},"9":0,"10":0,"11":4,"12":0,"14":{"1":2,"2":0},"15":"Calibri","16":11,"26":400}\" data-sheets-value=\"{"1":2,"2":"Massachusetts"}\">Massachusetts\u003C\u002Fspan>\u003C\u002Ftd>\n\u003Ctd>\u003Cspan data-sheets-userformat=\"{"2":13251,"3":{"1":0},"4":{"1":2,"2":16773836},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"Y, no comingling of LL\" for=\"\">Security deposits must be held in a separate, interest-bearing account in a bank within Massachusetts. A receipt shall be given to the tenant within 30 days after such deposit is received by the lessor, which receipt shall indicate the name and location of the bank in which the security deposit has been deposited and the amount and account number of said deposit. Failure to comply with this paragraph shall entitle the tenant to immediate return of the security deposit (\u003Cspan data-sheets-userformat=\"{"2":13251,"3":{"1":0},"4":{"1":2,"2":16773836},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"Y, no comingling of LL\" for=\"\">\u003Ca href=\"https:\u002F\u002Fmalegislature.gov\u002FLaws\u002FGeneralLaws\u002FPartII\u002FTitleI\u002FChapter186\u002FSection15B\" target=\"_blank\" title=\"\" rel=\"noopener\">Mass. Gen. Laws Ann. Ch 186, Section 15B(3)(a)\u003C\u002Fa>\u003Cspan data-sheets-userformat=\"{"2":13251,"3":{"1":0},"4":{"1":2,"2":16773836},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"Y, no comingling of LL\" for=\"\">). The tenant must receive the accrued interest (5% or less) at the end of each year or, if the tenancy is less than a year, within 30 days of termination. The landlord must provide a statement to the tenant with the location of the deposit, the amount on deposit, the account number, and the interest payable along with notice that the tenant may take the interest as a deduction of the next month's rent or paid out directly (\u003C\u002Fspan>\u003C\u002Fspan>\u003Cspan data-sheets-userformat=\"{"2":13251,"3":{"1":0},"4":{"1":2,"2":16773836},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"Y, no comingling of LL\" for=\"\">\u003Ca href=\"https:\u002F\u002Fmalegislature.gov\u002FLaws\u002FGeneralLaws\u002FPartII\u002FTitleI\u002FChapter186\u002FSection15B\" target=\"_blank\" title=\"\" rel=\"noopener\">\u003Cspan data-sheets-userformat=\"{"2":13251,"3":{"1":0},"4":{"1":2,"2":16773836},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"Y, no comingling of LL\" for=\"\">\u003Cspan data-sheets-userformat=\"{"2":13251,"3":{"1":0},"4":{"1":2,"2":16773836},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"Y, no comingling of LL\" for=\"\">Mass. Gen. Laws Ann. Ch 186, Section 15B(3)(b)\u003C\u002Fspan>\u003C\u002Fspan> \u003C\u002Fa>\u003Cspan data-sheets-userformat=\"{"2":13251,"3":{"1":0},"4":{"1":2,"2":16773836},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"Y, no comingling of LL\" for=\"\">\u003Cspan data-sheets-userformat=\"{"2":13251,"3":{"1":0},"4":{"1":2,"2":16773836},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"Y, no comingling of LL\" for=\"\">\u003Cspan data-sheets-userformat=\"{"2":13251,"3":{"1":0},"4":{"1":2,"2":16773836},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"Y, no comingling of LL\" for=\"\">). \u003Cspan data-sheets-userformat=\"{"2":13251,"3":{"1":0},"4":{"1":2,"2":16773836},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"Y, no comingling of LL\" for=\"\">\u003Cspan data-sheets-userformat=\"{"2":13251,"3":{"1":0},"4":{"1":2,"2":16773836},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"Y. Interest bearing account allowed but not required. NO COMINGLING OF FUNDS. (Fla. Stat. Ann. \\u00a7 83.49(1)(a)&(b)) Disclose name & address\u002Flocation of depository & interest (and rate) or non-interest bearing status. ADVISABLE to add disclosure language in (Fla. Stat. Ann S. 83.49(2)(d)). "}\">Commingling of other \u003C\u002Fspan>assets with security deposits is prohibited (\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fspan>\u003Cspan data-sheets-userformat=\"{"2":13251,"3":{"1":0},"4":{"1":2,"2":16773836},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"Y, no comingling of LL\" for=\"\">\u003Ca href=\"https:\u002F\u002Fmalegislature.gov\u002FLaws\u002FGeneralLaws\u002FPartII\u002FTitleI\u002FChapter186\u002FSection15B\" target=\"_blank\" title=\"\" rel=\"noopener\">\u003Cspan data-sheets-userformat=\"{"2":13251,"3":{"1":0},"4":{"1":2,"2":16773836},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"Y, no comingling of LL\" for=\"\">\u003Cspan data-sheets-userformat=\"{"2":13251,"3":{"1":0},"4":{"1":2,"2":16773836},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"Y, no comingling of LL\" for=\"\">\u003Cspan data-sheets-userformat=\"{"2":13251,"3":{"1":0},"4":{"1":2,"2":16773836},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"Y, no comingling of LL\" for=\"\">\u003Cspan data-sheets-userformat=\"{"2":13251,"3":{"1":0},"4":{"1":2,"2":16773836},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"Y, no comingling of LL\" for=\"\">\u003Cspan data-sheets-userformat=\"{"2":13251,"3":{"1":0},"4":{"1":2,"2":16773836},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"Y, no comingling of LL\" for=\"\">Mass. Gen. Laws Ann. Ch 186 Section 15B(1)(e)\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fa>\u003Cspan data-sheets-userformat=\"{"2":13251,"3":{"1":0},"4":{"1":2,"2":16773836},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"Y, no comingling of LL\" for=\"\">\u003Cspan data-sheets-userformat=\"{"2":13251,"3":{"1":0},"4":{"1":2,"2":16773836},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"Y, no comingling of LL\" for=\"\">\u003Cspan data-sheets-userformat=\"{"2":13251,"3":{"1":0},"4":{"1":2,"2":16773836},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"Y, no comingling of LL\" for=\"\">\u003Cspan data-sheets-userformat=\"{"2":13251,"3":{"1":0},"4":{"1":2,"2":16773836},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"Y, no comingling of LL\" for=\"\">\u003Cspan data-sheets-userformat=\"{"2":13251,"3":{"1":0},"4":{"1":2,"2":16773836},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"Y, no comingling of LL\" for=\"\">\u003Cspan data-sheets-userformat=\"{"2":13251,"3":{"1":0},"4":{"1":2,"2":16773836},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"Y, no comingling of LL\" for=\"\">).\u003C\u002Fspan>\u003C\u002Fspan> \u003C\u002Fspan> \u003C\u002Fspan> \u003C\u002Fspan> \u003C\u002Fspan> \u003C\u002Fspan> \u003C\u002Fspan>\u003C\u002Ftd>\n\u003C\u002Ftr>\n\u003Ctr>\n\u003Ctd style=\"vertical-align: top;\">\u003Cspan data-sheets-userformat=\"{"2":8403939,"3":{"1":0},"4":{"1":2,"2":16773836},"8":{"1":[{"1":2,"2":0,"5":{"1":2,"2":0}},{"1":0,"2":0,"3":3},{"1":1,"2":0,"4":1}]},"9":0,"10":0,"11":4,"12":0,"14":{"1":2,"2":0},"15":"Calibri","16":11,"26":400}\" data-sheets-value=\"{"1":2,"2":"Michigan"}\">Michigan\u003C\u002Fspan>\u003C\u002Ftd>\n\u003Ctd>\u003Cspan data-sheets-userformat=\"{"2":13249,"3":{"1":0},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"N, no interest required but security deposit msut be held in bank\u002Ffinancial institution beyond claim of LL\">No interest is required, but the security deposit must be held in a regulated financial institution beyond the claim of the landlord's creditors for the tenant's benefit (\u003Cspan data-sheets-userformat=\"{"2":13249,"3":{"1":0},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"N, no interest required but security deposit msut be held in bank\u002Ffinancial institution beyond claim of LL\">\u003Ca href=\"http:\u002F\u002Fwww.legislature.mi.gov\u002F(S(sqtdj1dx2lqgzqque01wojuc))\u002Fmileg.aspx?page=getObject&objectName=mcl-554-604\" target=\"_blank\" title=\"\" rel=\"noopener\">Mich Comp Laws 554.604\u003C\u002Fa>\u003Cspan data-sheets-userformat=\"{"2":13249,"3":{"1":0},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"N, no interest required but security deposit msut be held in bank\u002Ffinancial institution beyond claim of LL\"> & \u003C\u002Fspan>\u003C\u002Fspan>\u003Cspan data-sheets-userformat=\"{"2":13249,"3":{"1":0},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"N, no interest required but security deposit msut be held in bank\u002Ffinancial institution beyond claim of LL\">\u003Ca href=\"http:\u002F\u002Fwww.legislature.mi.gov\u002F(S(sqtdj1dx2lqgzqque01wojuc))\u002Fmileg.aspx?page=getobject&objectname=mcl-554-605\" target=\"_blank\" title=\"\" rel=\"noopener\">\u003Cspan data-sheets-userformat=\"{"2":13249,"3":{"1":0},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"N, no interest required but security deposit msut be held in bank\u002Ffinancial institution beyond claim of LL\">\u003Cspan data-sheets-userformat=\"{"2":13249,"3":{"1":0},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"N, no interest required but security deposit msut be held in bank\u002Ffinancial institution beyond claim of LL\">605\u003C\u002Fspan>\u003C\u002Fspan> \u003C\u002Fa>\u003Cspan data-sheets-userformat=\"{"2":13249,"3":{"1":0},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"N, no interest required but security deposit msut be held in bank\u002Ffinancial institution beyond claim of LL\">\u003Cspan data-sheets-userformat=\"{"2":13249,"3":{"1":0},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"N, no interest required but security deposit msut be held in bank\u002Ffinancial institution beyond claim of LL\">\u003Cspan data-sheets-userformat=\"{"2":13249,"3":{"1":0},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"N, no interest required but security deposit msut be held in bank\u002Ffinancial institution beyond claim of LL\">).\u003C\u002Fspan>\u003C\u002Fspan> \u003C\u002Fspan> \u003C\u002Fspan> \u003C\u002Fspan>\u003C\u002Ftd>\n\u003C\u002Ftr>\n\u003Ctr>\n\u003Ctd style=\"vertical-align: top;\">\u003Cspan data-sheets-note=\"Research not applicable for manufactured home parks\" data-sheets-userformat=\"{"2":8403937,"3":{"1":0},"8":{"1":[{"1":2,"2":0,"5":{"1":2,"2":0}},{"1":0,"2":0,"3":3},{"1":1,"2":0,"4":1}]},"9":0,"10":0,"11":4,"12":0,"14":{"1":2,"2":0},"15":"Calibri","16":11,"26":400}\" data-sheets-value=\"{"1":2,"2":"Minnesota"}\">Minnesota\u003C\u002Fspan>\u003C\u002Ftd>\n\u003Ctd>\u003Cspan data-sheets-userformat=\"{"2":13249,"3":{"1":0},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"Y, interest rate is 1%, simple non-coumpound interest. Interested amount less than $1 are excluded from payment. (Minn Stat 504B.178(2)). "}\">Security deposits must be held on behalf of tenants and bear \u003Cspan data-sheets-userformat=\"{"2":13249,"3":{"1":0},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"Y, interest rate is 1%, simple non-coumpound interest. Interested amount less than $1 are excluded from payment. (Minn Stat 504B.178(2)). "}\">simple non-compound interest\u003C\u002Fspan> at a rate of 1% per annum. Interest amounts less than $1 are excluded from payment (\u003Cspan data-sheets-userformat=\"{"2":13249,"3":{"1":0},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"Y, interest rate is 1%, simple non-coumpound interest. Interested amount less than $1 are excluded from payment. (Minn Stat 504B.178(2)). "}\">\u003Ca href=\"https:\u002F\u002Fwww.revisor.mn.gov\u002Fstatutes\u002F?id=504b.178\" target=\"_blank\" title=\"\" rel=\"noopener\">Minn Stat 504B.178(2)\u003C\u002Fa>\u003Cspan data-sheets-userformat=\"{"2":13249,"3":{"1":0},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"Y, interest rate is 1%, simple non-coumpound interest. Interested amount less than $1 are excluded from payment. (Minn Stat 504B.178(2)). "}\">).\u003C\u002Fspan>\u003C\u002Fspan> \u003C\u002Fspan>\u003C\u002Ftd>\n\u003C\u002Ftr>\n\u003Ctr>\n\u003Ctd style=\"vertical-align: top;\">\u003Cspan data-sheets-userformat=\"{"2":8403937,"3":{"1":0},"8":{"1":[{"1":2,"2":0,"5":{"1":2,"2":0}},{"1":0,"2":0,"3":3},{"1":1,"2":0,"4":1}]},"9":0,"10":0,"11":4,"12":0,"14":{"1":2,"2":0},"15":"Calibri","16":11,"26":400}\" data-sheets-value=\"{"1":2,"2":"Mississippi"}\">Mississippi\u003C\u002Fspan>\u003C\u002Ftd>\n\u003Ctd>Not required\u003C\u002Ftd>\n\u003C\u002Ftr>\n\u003Ctr>\n\u003Ctd style=\"vertical-align: top;\">\u003Cspan data-sheets-userformat=\"{"2":8403937,"3":{"1":0},"8":{"1":[{"1":2,"2":0,"5":{"1":2,"2":0}},{"1":0,"2":0,"3":3},{"1":1,"2":0,"4":1}]},"9":0,"10":0,"11":4,"12":0,"14":{"1":2,"2":0},"15":"Calibri","16":11,"26":400}\" data-sheets-value=\"{"1":2,"2":"Missouri"}\">Missouri\u003C\u002Fspan>\u003C\u002Ftd>\n\u003Ctd>\u003Cspan data-sheets-userformat=\"{"2":13249,"3":{"1":0},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"Y, no commingling of funds. Security deposit must be placed in bank\u002Ffinancial institute insured by a federal agency. Interest earned belongs to LL (Mo. Rev. Stat 535.300.2)). "}\">Security deposits must be placed in a financial institution insured by a federal agency. Interest earned belongs to landlords (\u003Ca href=\"http:\u002F\u002Fwww.moga.mo.gov\u002Fmostatutes\u002Fstathtml\u002F53500003001.HTML\" target=\"_blank\" rel=\"noopener\">Mo. Rev. Stat 535.300(2)\u003C\u002Fa>). \u003Cspan data-sheets-userformat=\"{"2":13249,"3":{"1":0},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"Y, no commingling of funds. Security deposit must be placed in bank\u002Ffinancial institute insured by a federal agency. Interest earned belongs to LL (Mo. Rev. Stat 535.300(2)). "}\">Commingling of funds is prohibited.\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Ftd>\n\u003C\u002Ftr>\n\u003Ctr>\n\u003Ctd style=\"vertical-align: top;\">\u003Cspan data-sheets-userformat=\"{"2":8403937,"3":{"1":0},"8":{"1":[{"1":2,"2":0,"5":{"1":2,"2":0}},{"1":0,"2":0,"3":3},{"1":1,"2":0,"4":1}]},"9":0,"10":0,"11":4,"12":0,"14":{"1":2,"2":0},"15":"Calibri","16":11,"26":400}\" data-sheets-value=\"{"1":2,"2":"Montana"}\">Montana\u003C\u002Fspan>\u003C\u002Ftd>\n\u003Ctd>Not required\u003C\u002Ftd>\n\u003C\u002Ftr>\n\u003Ctr>\n\u003Ctd style=\"vertical-align: top;\">\u003Cspan data-sheets-userformat=\"{"2":8403937,"3":{"1":0},"8":{"1":[{"1":2,"2":0,"5":{"1":2,"2":0}},{"1":0,"2":0,"3":3},{"1":1,"2":0,"4":1}]},"9":0,"10":0,"11":4,"12":0,"14":{"1":2,"2":0},"15":"Calibri","16":11,"26":400}\" data-sheets-value=\"{"1":2,"2":"Nebraska"}\">Nebraska\u003C\u002Fspan>\u003C\u002Ftd>\n\u003Ctd>Not required\u003C\u002Ftd>\n\u003C\u002Ftr>\n\u003Ctr>\n\u003Ctd style=\"vertical-align: top;\">\u003Cspan data-sheets-userformat=\"{"2":8403937,"3":{"1":0},"8":{"1":[{"1":2,"2":0,"5":{"1":2,"2":0}},{"1":0,"2":0,"3":3},{"1":1,"2":0,"4":1}]},"9":0,"10":0,"11":4,"12":0,"14":{"1":2,"2":0},"15":"Calibri","16":11,"26":400}\" data-sheets-value=\"{"1":2,"2":"Nevada"}\">Nevada\u003C\u002Fspan>\u003C\u002Ftd>\n\u003Ctd>Not required\u003C\u002Ftd>\n\u003C\u002Ftr>\n\u003Ctr>\n\u003Ctd style=\"vertical-align: top;\">\u003Cspan data-sheets-userformat=\"{"2":8403937,"3":{"1":0},"8":{"1":[{"1":2,"2":0,"5":{"1":2,"2":0}},{"1":0,"2":0,"3":3},{"1":1,"2":0,"4":1}]},"9":0,"10":0,"11":4,"12":0,"14":{"1":2,"2":0},"15":"Calibri","16":11,"26":400}\" data-sheets-value=\"{"1":2,"2":"New Hampshire"}\">New Hampshire\u003C\u002Fspan>\u003C\u002Ftd>\n\u003Ctd>\u003Cspan data-sheets-note=\"Security Deposit Subsection not applicable to LL who 1) leases a sfr and owns no other rental property, or 2) leases rental units in a owner-occupied building of 5 units or fewer. Exemption does not apply to any individual unit in owner-occupied building that is occupied by a person 60 or older in age.\" data-sheets-userformat=\"{"2":13251,"3":{"1":0},"4":{"1":2,"2":16773836},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"Y, no commingling with LL\">A landlord who holds a security deposit for a period of one year or longer must pay to the tenant interest on the deposit at a rate equal to the interest rate paid on regular savings accounts in the New Hampshire bank, savings and loan association, or credit union \u003Cspan data-sheets-note=\"Security Deposit Subsection not applicable to LL who 1) leases a sfr and owns no other rental property, or 2) leases rental units in a owner-occupied building of 5 units or fewer. Exemption does not apply to any individual unit in owner-occupied building that is occupied by a person 60 or older in age.\" data-sheets-userformat=\"{"2":13251,"3":{"1":0},"4":{"1":2,"2":16773836},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"Y, no commingling with LL\">(\u003C\u002Fspan>\u003Cspan data-sheets-note=\"Security Deposit Subsection not applicable to LL who 1) leases a sfr and owns no other rental property, or 2) leases rental units in a owner-occupied building of 5 units or fewer. Exemption does not apply to any individual unit in owner-occupied building that is occupied by a person 60 or older in age.\" data-sheets-userformat=\"{"2":13251,"3":{"1":0},"4":{"1":2,"2":16773836},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"Y, no commingling with LL\">\u003Ca href=\"http:\u002F\u002Fwww.gencourt.state.nh.us\u002Frsa\u002Fhtml\u002Flv\u002F540-a\u002F540-a-6.htm\" target=\"_blank\" title=\"\" rel=\"noopener\">\u003Cspan data-sheets-note=\"Security Deposit Subsection not applicable to LL who 1) leases a sfr and owns no other rental property, or 2) leases rental units in a owner-occupied building of 5 units or fewer. Exemption does not apply to any individual unit in owner-occupied building that is occupied by a person 60 or older in age.\" data-sheets-userformat=\"{"2":13251,"3":{"1":0},"4":{"1":2,"2":16773836},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"Y, no commingling with LL\">RSA 540-A:6(IV)(a)\u003C\u002Fspan>\u003C\u002Fa>\u003Cspan data-sheets-note=\"Security Deposit Subsection not applicable to LL who 1) leases a sfr and owns no other rental property, or 2) leases rental units in a owner-occupied building of 5 units or fewer. Exemption does not apply to any individual unit in owner-occupied building that is occupied by a person 60 or older in age.\" data-sheets-userformat=\"{"2":13251,"3":{"1":0},"4":{"1":2,"2":16773836},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"Y, no commingling with LL\">\u003Cspan data-sheets-note=\"Security Deposit Subsection not applicable to LL who 1) leases a sfr and owns no other rental property, or 2) leases rental units in a owner-occupied building of 5 units or fewer. Exemption does not apply to any individual unit in owner-occupied building that is occupied by a person 60 or older in age.\" data-sheets-userformat=\"{"2":13251,"3":{"1":0},"4":{"1":2,"2":16773836},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"Y, no commingling with LL\">)\u003C\u002Fspan>. Tenants may request interest accrued on security deposits every three years, 30 days before the expiration of that year's tenancy. Landlords must comply within 15 days of expiration of that year's tenancy (\u003C\u002Fspan>\u003C\u002Fspan>\u003Cspan data-sheets-note=\"Security Deposit Subsection not applicable to LL who 1) leases a sfr and owns no other rental property, or 2) leases rental units in a owner-occupied building of 5 units or fewer. Exemption does not apply to any individual unit in owner-occupied building that is occupied by a person 60 or older in age.\" data-sheets-userformat=\"{"2":13251,"3":{"1":0},"4":{"1":2,"2":16773836},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"Y, no commingling with LL\">\u003Ca href=\"http:\u002F\u002Fwww.gencourt.state.nh.us\u002Frsa\u002Fhtml\u002Flv\u002F540-a\u002F540-a-6.htm\" target=\"_blank\" title=\"\" rel=\"noopener\">\u003Cspan data-sheets-note=\"Security Deposit Subsection not applicable to LL who 1) leases a sfr and owns no other rental property, or 2) leases rental units in a owner-occupied building of 5 units or fewer. Exemption does not apply to any individual unit in owner-occupied building that is occupied by a person 60 or older in age.\" data-sheets-userformat=\"{"2":13251,"3":{"1":0},"4":{"1":2,"2":16773836},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"Y, no commingling with LL\">\u003Cspan data-sheets-note=\"Security Deposit Subsection not applicable to LL who 1) leases a sfr and owns no other rental property, or 2) leases rental units in a owner-occupied building of 5 units or fewer. Exemption does not apply to any individual unit in owner-occupied building that is occupied by a person 60 or older in age.\" data-sheets-userformat=\"{"2":13251,"3":{"1":0},"4":{"1":2,"2":16773836},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"Y, no commingling with LL\">RSA 540-A:6(IV)(c)\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fa>\u003Cspan data-sheets-note=\"Security Deposit Subsection not applicable to LL who 1) leases a sfr and owns no other rental property, or 2) leases rental units in a owner-occupied building of 5 units or fewer. Exemption does not apply to any individual unit in owner-occupied building that is occupied by a person 60 or older in age.\" data-sheets-userformat=\"{"2":13251,"3":{"1":0},"4":{"1":2,"2":16773836},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"Y, no commingling with LL\">\u003Cspan data-sheets-note=\"Security Deposit Subsection not applicable to LL who 1) leases a sfr and owns no other rental property, or 2) leases rental units in a owner-occupied building of 5 units or fewer. Exemption does not apply to any individual unit in owner-occupied building that is occupied by a person 60 or older in age.\" data-sheets-userformat=\"{"2":13251,"3":{"1":0},"4":{"1":2,"2":16773836},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"Y, no commingling with LL\">\u003Cspan data-sheets-note=\"Security Deposit Subsection not applicable to LL who 1) leases a sfr and owns no other rental property, or 2) leases rental units in a owner-occupied building of 5 units or fewer. Exemption does not apply to any individual unit in owner-occupied building that is occupied by a person 60 or older in age.\" data-sheets-userformat=\"{"2":13251,"3":{"1":0},"4":{"1":2,"2":16773836},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"Y, no commingling with LL\">). Commingling\u003Cspan data-sheets-note=\"Security Deposit Subsection not applicable to LL who 1) leases a sfr and owns no other rental property, or 2) leases rental units in a owner-occupied building of 5 units or fewer. Exemption does not apply to any individual unit in owner-occupied building that is occupied by a person 60 or older in age.\" data-sheets-userformat=\"{"2":13251,"3":{"1":0},"4":{"1":2,"2":16773836},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"Y, no commingling with LL\"> deposits with the landlord's personal funds is prohibited (\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fspan>\u003Cspan data-sheets-note=\"Security Deposit Subsection not applicable to LL who 1) leases a sfr and owns no other rental property, or 2) leases rental units in a owner-occupied building of 5 units or fewer. Exemption does not apply to any individual unit in owner-occupied building that is occupied by a person 60 or older in age.\" data-sheets-userformat=\"{"2":13251,"3":{"1":0},"4":{"1":2,"2":16773836},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"Y, no commingling with LL\">\u003Ca href=\"http:\u002F\u002Fwww.gencourt.state.nh.us\u002Frsa\u002Fhtml\u002Flv\u002F540-a\u002F540-a-6.htm\" target=\"_blank\" title=\"\" rel=\"noopener\">\u003Cspan data-sheets-note=\"Security Deposit Subsection not applicable to LL who 1) leases a sfr and owns no other rental property, or 2) leases rental units in a owner-occupied building of 5 units or fewer. Exemption does not apply to any individual unit in owner-occupied building that is occupied by a person 60 or older in age.\" data-sheets-userformat=\"{"2":13251,"3":{"1":0},"4":{"1":2,"2":16773836},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"Y, no commingling with LL\">\u003Cspan data-sheets-note=\"Security Deposit Subsection not applicable to LL who 1) leases a sfr and owns no other rental property, or 2) leases rental units in a owner-occupied building of 5 units or fewer. Exemption does not apply to any individual unit in owner-occupied building that is occupied by a person 60 or older in age.\" data-sheets-userformat=\"{"2":13251,"3":{"1":0},"4":{"1":2,"2":16773836},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"Y, no commingling with LL\">\u003Cspan data-sheets-note=\"Security Deposit Subsection not applicable to LL who 1) leases a sfr and owns no other rental property, or 2) leases rental units in a owner-occupied building of 5 units or fewer. Exemption does not apply to any individual unit in owner-occupied building that is occupied by a person 60 or older in age.\" data-sheets-userformat=\"{"2":13251,"3":{"1":0},"4":{"1":2,"2":16773836},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"Y, no commingling with LL\">\u003Cspan data-sheets-note=\"Security Deposit Subsection not applicable to LL who 1) leases a sfr and owns no other rental property, or 2) leases rental units in a owner-occupied building of 5 units or fewer. Exemption does not apply to any individual unit in owner-occupied building that is occupied by a person 60 or older in age.\" data-sheets-userformat=\"{"2":13251,"3":{"1":0},"4":{"1":2,"2":16773836},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"Y, no commingling with LL\">\u003Cspan data-sheets-note=\"Security Deposit Subsection not applicable to LL who 1) leases a sfr and owns no other rental property, or 2) leases rental units in a owner-occupied building of 5 units or fewer. Exemption does not apply to any individual unit in owner-occupied building that is occupied by a person 60 or older in age.\" data-sheets-userformat=\"{"2":13251,"3":{"1":0},"4":{"1":2,"2":16773836},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"Y, no commingling with LL\">RSA 540-A:6(II)(b)\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fa>\u003Cspan data-sheets-note=\"Security Deposit Subsection not applicable to LL who 1) leases a sfr and owns no other rental property, or 2) leases rental units in a owner-occupied building of 5 units or fewer. Exemption does not apply to any individual unit in owner-occupied building that is occupied by a person 60 or older in age.\" data-sheets-userformat=\"{"2":13251,"3":{"1":0},"4":{"1":2,"2":16773836},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"Y, no commingling with LL\">\u003Cspan data-sheets-note=\"Security Deposit Subsection not applicable to LL who 1) leases a sfr and owns no other rental property, or 2) leases rental units in a owner-occupied building of 5 units or fewer. Exemption does not apply to any individual unit in owner-occupied building that is occupied by a person 60 or older in age.\" data-sheets-userformat=\"{"2":13251,"3":{"1":0},"4":{"1":2,"2":16773836},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"Y, no commingling with LL\">\u003Cspan data-sheets-note=\"Security Deposit Subsection not applicable to LL who 1) leases a sfr and owns no other rental property, or 2) leases rental units in a owner-occupied building of 5 units or fewer. Exemption does not apply to any individual unit in owner-occupied building that is occupied by a person 60 or older in age.\" data-sheets-userformat=\"{"2":13251,"3":{"1":0},"4":{"1":2,"2":16773836},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"Y, no commingling with LL\">\u003Cspan data-sheets-note=\"Security Deposit Subsection not applicable to LL who 1) leases a sfr and owns no other rental property, or 2) leases rental units in a owner-occupied building of 5 units or fewer. Exemption does not apply to any individual unit in owner-occupied building that is occupied by a person 60 or older in age.\" data-sheets-userformat=\"{"2":13251,"3":{"1":0},"4":{"1":2,"2":16773836},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"Y, no commingling with LL\">\u003Cspan data-sheets-note=\"Security Deposit Subsection not applicable to LL who 1) leases a sfr and owns no other rental property, or 2) leases rental units in a owner-occupied building of 5 units or fewer. Exemption does not apply to any individual unit in owner-occupied building that is occupied by a person 60 or older in age.\" data-sheets-userformat=\"{"2":13251,"3":{"1":0},"4":{"1":2,"2":16773836},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"Y, no commingling with LL\">\u003Cspan data-sheets-note=\"Security Deposit Subsection not applicable to LL who 1) leases a sfr and owns no other rental property, or 2) leases rental units in a owner-occupied building of 5 units or fewer. Exemption does not apply to any individual unit in owner-occupied building that is occupied by a person 60 or older in age.\" data-sheets-userformat=\"{"2":13251,"3":{"1":0},"4":{"1":2,"2":16773836},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"Y, no commingling with LL\">).  \u003C\u002Fspan>\u003C\u002Fspan> \u003C\u002Fspan> \u003C\u002Fspan> \u003C\u002Fspan> \u003C\u002Fspan> \u003C\u002Fspan> \u003C\u002Fspan>\u003C\u002Ftd>\n\u003C\u002Ftr>\n\u003Ctr>\n\u003Ctd style=\"vertical-align: top;\">\u003Cspan data-sheets-userformat=\"{"2":8403939,"3":{"1":0},"4":{"1":2,"2":16773836},"8":{"1":[{"1":2,"2":0,"5":{"1":2,"2":0}},{"1":0,"2":0,"3":3},{"1":1,"2":0,"4":1}]},"9":0,"10":0,"11":4,"12":0,"14":{"1":2,"2":0},"15":"Calibri","16":11,"26":400}\" data-sheets-value=\"{"1":2,"2":"New Jersey"}\">New Jersey\u003C\u002Fspan>\u003C\u002Ftd>\n\u003Ctd>\u003Cspan data-sheets-userformat=\"{"2":13251,"3":{"1":0},"4":{"1":2,"2":16773836},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"Y, LL with 10 or more units must invest deposit in insured money market funds or in another accoutn that pays quarterly interest at a rate comparable to money market fund. (NJSA 46:8-19(a)(1) & (2)). LL with fewer than 10 units may place deposit in an interest-bearing account in any NJ financial institute insured by FDIC (NJSA 46:8-19(b)). All LL must pay tenant interest earned on account annually or credit toward payment of rent due "}\">Landlords with 10 or more units must invest the deposit in insured money market funds or in another account paying quarterly interest at a rate comparable to the money market fund (\u003Ca href=\"http:\u002F\u002Fwww.state.nj.us\u002Fdca\u002Fdivisions\u002Fcodes\u002Fpublications\u002Fpdf_lti\u002Fsdepsit_law.pdf\" target=\"_blank\" rel=\"noopener\">NJSA 46:8-19(a)(1)\u003C\u002Fa>). Landlords with fewer than 10 units may place the deposit in an interest-bearing account in any New Jersey financial institute insured by the FDIC (\u003Ca href=\"http:\u002F\u002Fwww.state.nj.us\u002Fdca\u002Fdivisions\u002Fcodes\u002Fpublications\u002Fpdf_lti\u002Fsdepsit_law.pdf\" target=\"_blank\" rel=\"noopener\">NJSA 46:8-19(a)(1)\u003C\u002Fa>). All landlords must pay the tenant interest earned annually or credit it toward rent due.\u003C\u002Fspan>\u003C\u002Ftd>\n\u003C\u002Ftr>\n\u003Ctr>\n\u003Ctd style=\"vertical-align: top;\">\u003Cspan data-sheets-userformat=\"{"2":8403937,"3":{"1":0},"8":{"1":[{"1":2,"2":0,"5":{"1":2,"2":0}},{"1":0,"2":0,"3":3},{"1":1,"2":0,"4":1}]},"9":0,"10":0,"11":4,"12":0,"14":{"1":2,"2":0},"15":"Calibri","16":11,"26":400}\" data-sheets-value=\"{"1":2,"2":"New Mexico"}\">New Mexico\u003C\u002Fspan>\u003C\u002Ftd>\n\u003Ctd>\u003Cspan data-sheets-userformat=\"{"2":13249,"3":{"1":0},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"Y, if deposit is greater than 1 month rent, LL to pay interest on annual basis equal to passbook interest (N.M. Stat Ann 47-8-18(A)(1)). "}\">If the security deposit is greater than one month's rent, the landlord must pay interest on an annual basis equal to passbook interest (\u003Ca href=\"https:\u002F\u002Flaw.justia.com\u002Fcodes\u002Fnew-mexico\u002F2017\u002Fchapter-47\u002Farticle-8\u002Fsection-47-8-18\u002F\" rel=\"noopener noreferrer\" target=\"_blank\" title=\"\">N.M. Stat Ann 47-8-18(A)(1)\u003C\u002Fa>). \u003C\u002Fspan>\u003C\u002Ftd>\n\u003C\u002Ftr>\n\u003Ctr>\n\u003Ctd style=\"vertical-align: top;\">\u003Cspan data-sheets-userformat=\"{"2":8403937,"3":{"1":0},"8":{"1":[{"1":2,"2":0,"5":{"1":2,"2":0}},{"1":0,"2":0,"3":3},{"1":1,"2":0,"4":1}]},"9":0,"10":0,"11":4,"12":0,"14":{"1":2,"2":0},"15":"Calibri","16":11,"26":400}\" data-sheets-value=\"{"1":2,"2":"New York"}\">New York\u003C\u002Fspan>\u003C\u002Ftd>\n\u003Ctd>\u003Cspan data-sheets-userformat=\"{"2":13249,"3":{"1":0},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"Y, LL cannot comingle deposit with personal funds. If deposited in bank, LL must advise Tenant in writing of name & location of bank within NY state. If bank account is interest-bearing, Tenant is entitled to interest minus 1% of the total deposit that LL can retain for administration expenses. (NY General Obligations Law 7-103). If building has 6 units or more, LL must deposit $ in interest-bearing account (Not optional!).(NY General obligations law 7-103(2-a))"}\">If the security deposit is deposited in a bank, the landlord must advise the tenant in writing of the name and location of the bank. If the bank account is interest-bearing, the tenant is entitled to interest minus 1% of the total deposit that the landlord can retain for administration expenses (\u003Ca href=\"http:\u002F\u002Fwww.american-apartment-owners-association.org\u002Flandlord-tenant-laws\u002Fnew-york\u002F\" target=\"_blank\" rel=\"noopener\">NY General Obligations Law 7-103\u003C\u002Fa>). If the building has six units or more, the landlord must put the deposit in an interest-bearing account (NY General Obligations Law 7-103(2-a)). \u003Cspan data-sheets-userformat=\"{"2":13249,"3":{"1":0},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"Y, no commingling of funds. Security deposit must be placed in bank\u002Ffinancial institute insured by a federal agency. Interest earned belongs to LL (Mo. Rev. Stat 535.300.2)). "}\">Commingling security deposits with personal funds is prohibited.\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Ftd>\n\u003C\u002Ftr>\n\u003Ctr>\n\u003Ctd style=\"vertical-align: top;\">\u003Cspan data-sheets-userformat=\"{"2":8403937,"3":{"1":0},"8":{"1":[{"1":2,"2":0,"5":{"1":2,"2":0}},{"1":0,"2":0,"3":3},{"1":1,"2":0,"4":1}]},"9":0,"10":0,"11":4,"12":0,"14":{"1":2,"2":0},"15":"Calibri","16":11,"26":400}\" data-sheets-value=\"{"1":2,"2":"North Carolina"}\">North Carolina\u003C\u002Fspan>\u003C\u002Ftd>\n\u003Ctd>\u003Cspan data-sheets-note=\"Not applicable for LL renting out a single room (for any duration-- weekly, month , or annually) (NC Gen Stat 42-56)\" data-sheets-userformat=\"{"2":13249,"3":{"1":0},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"Y, no interest required but must deposit funds into trust acct with a licensed and federally insured depository instution lawfully doing business in NC or furnish a bond from insurance company licensed to do business in NC--this is effectively no-comingling with LL\" name=\"\">No interest is required, but the landlord must deposit funds into a trust account with a licensed and federally-insured depository institution lawfully doing business in North Carolina or furnish a bond from an insurance company licensed to do business in the state. The lease must include the name and address of the financial institution where the deposit is held\u002F (\u003Ca href=\"http:\u002F\u002Fwww.ncleg.net\u002FEnactedLegislation\u002FStatutes\u002FPDF\u002FBySection\u002FChapter_42\u002FGS_42-50.pdf\" target=\"_blank\" rel=\"noopener\">NC Gen Stat 42-50\u003C\u002Fa>)\u003C\u002Fspan>\u003C\u002Ftd>\n\u003C\u002Ftr>\n\u003Ctr>\n\u003Ctd style=\"vertical-align: top;\">\u003Cspan data-sheets-userformat=\"{"2":8403937,"3":{"1":0},"8":{"1":[{"1":2,"2":0,"5":{"1":2,"2":0}},{"1":0,"2":0,"3":3},{"1":1,"2":0,"4":1}]},"9":0,"10":0,"11":4,"12":0,"14":{"1":2,"2":0},"15":"Calibri","16":11,"26":400}\" data-sheets-value=\"{"1":2,"2":"North Dakota"}\">North Dakota\u003C\u002Fspan>\u003C\u002Ftd>\n\u003Ctd>\u003Cspan data-sheets-userformat=\"{"2":13249,"3":{"1":0},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"Y, $ must be deposited into a federally insured interest-bearing savings or checkings acct for the benefit of tenant. Interest belongs to tenant and must be paid to tenant upon lease termination. (ND Century Code 47-16-07.1). However, interest NOT required to be paid if occupancy was shorter than 9 months in sduration (ND Century Code 47-16-07.3)"}\">Security deposits must be placed into a federally-insured interest-bearing savings or checking account. Interest belongs to the tenants and must be paid to the tenant upon termination of the lease (\u003Ca href=\"http:\u002F\u002Fwww.legis.nd.gov\u002Fcencode\u002Ft47c16.pdf#nameddest=47-16-07p1\" target=\"_blank\" rel=\"noopener\">ND Century Code 47-16-07.1\u003C\u002Fa>). However, interest is not required to be paid if occupancy was shorter than nine months in duration (\u003Ca href=\"http:\u002F\u002Fwww.legis.nd.gov\u002Fcencode\u002Ft47c16.pdf#nameddest=47-16-07p1\" target=\"_blank\" rel=\"noopener\">ND Century Code 47-16-07.1(3)\u003C\u002Fa>).\u003C\u002Fspan>\u003C\u002Ftd>\n\u003C\u002Ftr>\n\u003Ctr>\n\u003Ctd style=\"vertical-align: top;\">\u003Cspan data-sheets-userformat=\"{"2":8403937,"3":{"1":0},"8":{"1":[{"1":2,"2":0,"5":{"1":2,"2":0}},{"1":0,"2":0,"3":3},{"1":1,"2":0,"4":1}]},"9":0,"10":0,"11":4,"12":0,"14":{"1":2,"2":0},"15":"Calibri","16":11,"26":400}\" data-sheets-value=\"{"1":2,"2":"Ohio"}\">Ohio\u003C\u002Fspan>\u003C\u002Ftd>\n\u003Ctd>\u003Cspan data-sheets-userformat=\"{"2":13249,"3":{"1":0},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"Y, any security deposit in excess of $50 or 1 month\" for=\"\">Any security deposit in excess of $50 or one month's rent, whichever is greater, shall bear interest at a rate of 5% per year. Only applicable if the tenant is in possession for six months or more. Interest must be paid to the tenant annually and upon termination of the rental agreement (\u003Cspan data-sheets-userformat=\"{"2":13249,"3":{"1":0},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"Y, any security deposit in excess of $50 or 1 month\" for=\"\">\u003Ca href=\"http:\u002F\u002Fcodes.ohio.gov\u002Forc\u002F5321.16\" target=\"_blank\" title=\"\" rel=\"noopener\">Ohio Rev. Code Ann. 5321.16(A)\u003C\u002Fa>\u003Cspan data-sheets-userformat=\"{"2":13249,"3":{"1":0},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"Y, any security deposit in excess of $50 or 1 month\" for=\"\">).\u003C\u002Fspan>\u003C\u002Fspan> \u003C\u002Fspan>\u003C\u002Ftd>\n\u003C\u002Ftr>\n\u003Ctr>\n\u003Ctd style=\"vertical-align: top;\">\u003Cspan data-sheets-userformat=\"{"2":8403937,"3":{"1":0},"8":{"1":[{"1":2,"2":0,"5":{"1":2,"2":0}},{"1":0,"2":0,"3":3},{"1":1,"2":0,"4":1}]},"9":0,"10":0,"11":4,"12":0,"14":{"1":2,"2":0},"15":"Calibri","16":11,"26":400}\" data-sheets-value=\"{"1":2,"2":"Oklahoma"}\">Oklahoma\u003C\u002Fspan>\u003C\u002Ftd>\n\u003Ctd>\u003Cspan data-sheets-userformat=\"{"2":13249,"3":{"1":0},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"N, interest not required but $ must be kept in escrow account for tenant and maintained in Oklahoma with a federally insured institute (41 OK Stat 115(A))"}\">Not required, however the security deposit must be kept in an escrow account on behalf of the tenant and maintained in Oklahoma with a federally-insured institute (\u003Ca href=\"http:\u002F\u002Fwww.oklegislature.gov\u002Fosstatuestitle.html\" target=\"_blank\" rel=\"noopener\">41 OK Stat 115(A)\u003C\u002Fa>).\u003C\u002Fspan>\u003C\u002Ftd>\n\u003C\u002Ftr>\n\u003Ctr>\n\u003Ctd style=\"vertical-align: top;\">\u003Cspan data-sheets-userformat=\"{"2":8403939,"3":{"1":0},"4":{"1":2,"2":16773836},"8":{"1":[{"1":2,"2":0,"5":{"1":2,"2":0}},{"1":0,"2":0,"3":3},{"1":1,"2":0,"4":1}]},"9":0,"10":0,"11":4,"12":0,"14":{"1":2,"2":0},"15":"Calibri","16":11,"26":400}\" data-sheets-value=\"{"1":2,"2":"Oregon"}\">Oregon\u003C\u002Fspan>\u003C\u002Ftd>\n\u003Ctd>Not required\u003C\u002Ftd>\n\u003C\u002Ftr>\n\u003Ctr>\n\u003Ctd style=\"vertical-align: top;\">\u003Cspan data-sheets-userformat=\"{"2":8403937,"3":{"1":0},"8":{"1":[{"1":2,"2":0,"5":{"1":2,"2":0}},{"1":0,"2":0,"3":3},{"1":1,"2":0,"4":1}]},"9":0,"10":0,"11":4,"12":0,"14":{"1":2,"2":0},"15":"Calibri","16":11,"26":400}\" data-sheets-value=\"{"1":2,"2":"Pennsylvania"}\">Pennsylvania\u003C\u002Fspan>\u003C\u002Ftd>\n\u003Ctd>\u003Cspan data-sheets-userformat=\"{"2":13249,"3":{"1":0},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"Y, $ over $100 must be deposited in an escrow account of an instittue regulated by Federal Resere Baord, Federal Home Loan Bank Board, Comptroller of the Currency, or the Pennsylvania Dept of Banking. Tenant needs to be provided with name & address of banking institute and amount (68 PS 250.511b(a)). Escrow account may, but does not necessarily have to generate interest. (68 PS 250.511b(a)). If the deposit is in an interest bearing account AND after 2 years of rental, LL may receive administrative fee (up to 1% of the interest rate per year) and the balance of the interest must be paid to tenant annually. (68 PS 250.511b(b) and (c)). Implicit in statutes: funds cannot be comingled with LL\">Security deposits over $100 must be deposited in an escrow account of an institution regulated by the Federal Reserve Board, the Federal Home Loan Bank Board, the Comptroller of the Currency, or the Pennsylvania Dept. of Banking. Tenants need to be provided with the name and address of the financial institution and the deposit amount (\u003Ca href=\"https:\u002F\u002Fgovt.westlaw.com\u002Fpac\u002FDocument\u002FN9220F510343711DA8A989F4EECDB8638?viewType=FullText&originationContext=documenttoc&transitionType=CategoryPageItem&contextData=(sc.Default)\" target=\"_blank\" rel=\"noopener\">68 PS 250.511b(a)\u003C\u002Fa>). The escrow account may, but does not necessarily have to, generate interest (68 PS 250.511b(a)). If the deposit is in an interest-bearing account, and the rental has lasted at least two years, then the landlord may receive an administrative fee (up to 1% of the interest rate per year) and the balance of the interest must be paid to the tenant annually (\u003Ca href=\"https:\u002F\u002Fgovt.westlaw.com\u002Fpac\u002FDocument\u002FN9220F510343711DA8A989F4EECDB8638?viewType=FullText&originationContext=documenttoc&transitionType=CategoryPageItem&contextData=(sc.Default)\" target=\"_blank\" rel=\"noopener\">68 PS 250.511b(b) & (c)\u003C\u002Fa>). \u003Cspan data-sheets-userformat=\"{"2":13249,"3":{"1":0},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"Y, no commingling of funds. Security deposit must be placed in bank\u002Ffinancial institute insured by a federal agency. Interest earned belongs to LL (Mo. Rev. Stat 535.300.2)). "}\">Commingling of security deposits with personal funds is prohibited.\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Ftd>\n\u003C\u002Ftr>\n\u003Ctr>\n\u003Ctd style=\"vertical-align: top;\">\u003Cspan data-sheets-userformat=\"{"2":8403937,"3":{"1":0},"8":{"1":[{"1":2,"2":0,"5":{"1":2,"2":0}},{"1":0,"2":0,"3":3},{"1":1,"2":0,"4":1}]},"9":0,"10":0,"11":4,"12":0,"14":{"1":2,"2":0},"15":"Calibri","16":11,"26":400}\" data-sheets-value=\"{"1":2,"2":"Rhode Island"}\">Rhode Island\u003C\u002Fspan>\u003C\u002Ftd>\n\u003Ctd>Not required\u003C\u002Ftd>\n\u003C\u002Ftr>\n\u003Ctr>\n\u003Ctd style=\"vertical-align: top;\">\u003Cspan data-sheets-userformat=\"{"2":8403937,"3":{"1":0},"8":{"1":[{"1":2,"2":0,"5":{"1":2,"2":0}},{"1":0,"2":0,"3":3},{"1":1,"2":0,"4":1}]},"9":0,"10":0,"11":4,"12":0,"14":{"1":2,"2":0},"15":"Calibri","16":11,"26":400}\" data-sheets-value=\"{"1":2,"2":"South Carolina"}\">South Carolina\u003C\u002Fspan>\u003C\u002Ftd>\n\u003Ctd>Not required\u003C\u002Ftd>\n\u003C\u002Ftr>\n\u003Ctr>\n\u003Ctd style=\"vertical-align: top;\">\u003Cspan data-sheets-userformat=\"{"2":8403937,"3":{"1":0},"8":{"1":[{"1":2,"2":0,"5":{"1":2,"2":0}},{"1":0,"2":0,"3":3},{"1":1,"2":0,"4":1}]},"9":0,"10":0,"11":4,"12":0,"14":{"1":2,"2":0},"15":"Calibri","16":11,"26":400}\" data-sheets-value=\"{"1":2,"2":"South Dakota"}\">South Dakota\u003C\u002Fspan>\u003C\u002Ftd>\n\u003Ctd>Not required\u003C\u002Ftd>\n\u003C\u002Ftr>\n\u003Ctr>\n\u003Ctd style=\"vertical-align: top;\">\u003Cspan data-sheets-note=\"y statue, the Landlord Tenant Act only applies in counties that have a population greater than 68,000.   These counties are: Anderson, Blount, Bradley, Davidson, Greene, Hamilton, Knox, Madison, Maury, Montgomery, Putnam, Rutherford, Sevier, Shelby, Sullivan, Sumner, Washington, Williamson, or Wilson. For leases outside these counties, for state requirements, courts will apply contract law.\" data-sheets-userformat=\"{"2":8403939,"3":{"1":0},"4":{"1":2,"2":16773836},"8":{"1":[{"1":2,"2":0,"5":{"1":2,"2":0}},{"1":0,"2":0,"3":3},{"1":1,"2":0,"4":1}]},"9":0,"10":0,"11":4,"12":0,"14":{"1":2,"2":0},"15":"Calibri","16":11,"26":400}\" data-sheets-value=\"{"1":2,"2":"Tennessee"}\">Tennessee\u003C\u002Fspan>\u003C\u002Ftd>\n\u003Ctd>\u003Cspan data-sheets-userformat=\"{"2":13249,"3":{"1":0},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"Y, $ over $100 must be deposited in an escrow account of an instittue regulated by Federal Resere Baord, Federal Home Loan Bank Board, Comptroller of the Currency, or the Pennsylvania Dept of Banking. Tenant needs to be provided with name & address of banking institute and amount (68 PS 250.511b(a)). Escrow account may, but does not necessarily have to generate interest. (68 PS 250.511b(a)). If the deposit is in an interest bearing account AND after 2 years of rental, LL may receive administrative fee (up to 1% of the interest rate per year) and the balance of the interest must be paid to tenant annually. (68 PS 250.511b(b) and (c)). Implicit in statutes: funds cannot be comingled with LL\">\u003Cspan data-sheets-userformat=\"{"2":13249,"3":{"1":0},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"Y, no commingling of funds. Security deposit must be placed in bank\u002Ffinancial institute insured by a federal agency. Interest earned belongs to LL (Mo. Rev. Stat 535.300.2)). "}\">Interest-bearing accounts are not required. Security deposits must be deposited in a financial institution regulated by the state or federal government. Commingling of security deposits with personal funds is prohibited\u003C\u002Fspan>\u003C\u002Fspan>\u003Cspan data-sheets-userformat=\"{"2":13249,"3":{"1":0},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"Y, no comingling between LL\"> (\u003Cspan data-sheets-userformat=\"{"2":13249,"3":{"1":0},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"Y, no comingling between LL\">\u003Ca href=\"https:\u002F\u002Flaw.justia.com\u002Fcodes\u002Ftennessee\u002F2017\u002Ftitle-66\u002Fchapter-28\u002Fpart-3\u002Fsection-66-28-301\u002F\" rel=\"noopener noreferrer\" target=\"_blank\" title=\"\">Tenn Code 66-28-301(a)\u003C\u002Fa>\u003Cspan data-sheets-userformat=\"{"2":13249,"3":{"1":0},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"Y, no comingling between LL\">). Landlords must notify\u003Cspan data-sheets-userformat=\"{"2":13249,"3":{"1":0},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"Y, $ over $100 must be deposited in an escrow account of an instittue regulated by Federal Resere Baord, Federal Home Loan Bank Board, Comptroller of the Currency, or the Pennsylvania Dept of Banking. Tenant needs to be provided with name & address of banking institute and amount (68 PS 250.511b(a)). Escrow account may, but does not necessarily have to generate interest. (68 PS 250.511b(a)). If the deposit is in an interest bearing account AND after 2 years of rental, LL may receive administrative fee (up to 1% of the interest rate per year) and the balance of the interest must be paid to tenant annually. (68 PS 250.511b(b) and (c)). Implicit in statutes: funds cannot be comingled with LL\">\u003Cspan data-sheets-userformat=\"{"2":13249,"3":{"1":0},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"Y, no commingling of funds. Security deposit must be placed in bank\u002Ffinancial institute insured by a federal agency. Interest earned belongs to LL (Mo. Rev. Stat 535.300.2)). "}\"> tenants at the time the lease is signed of the location of the account; however, landlords are not required to provide the account number \u003Cspan data-sheets-userformat=\"{"2":13249,"3":{"1":0},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"Y, no comingling between LL\">(\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fspan>\u003Cspan data-sheets-userformat=\"{"2":13249,"3":{"1":0},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"Y, no comingling between LL\">\u003Ca href=\"https:\u002F\u002Flaw.justia.com\u002Fcodes\u002Ftennessee\u002F2017\u002Ftitle-66\u002Fchapter-28\u002Fpart-3\u002Fsection-66-28-301\u002F\" rel=\"noopener noreferrer\" target=\"_blank\" title=\"\">\u003Cspan data-sheets-userformat=\"{"2":13249,"3":{"1":0},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"Y, $ over $100 must be deposited in an escrow account of an instittue regulated by Federal Resere Baord, Federal Home Loan Bank Board, Comptroller of the Currency, or the Pennsylvania Dept of Banking. Tenant needs to be provided with name & address of banking institute and amount (68 PS 250.511b(a)). Escrow account may, but does not necessarily have to generate interest. (68 PS 250.511b(a)). If the deposit is in an interest bearing account AND after 2 years of rental, LL may receive administrative fee (up to 1% of the interest rate per year) and the balance of the interest must be paid to tenant annually. (68 PS 250.511b(b) and (c)). Implicit in statutes: funds cannot be comingled with LL\">\u003Cspan data-sheets-userformat=\"{"2":13249,"3":{"1":0},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"Y, no commingling of funds. Security deposit must be placed in bank\u002Ffinancial institute insured by a federal agency. Interest earned belongs to LL (Mo. Rev. Stat 535.300.2)). "}\">\u003Cspan data-sheets-userformat=\"{"2":13249,"3":{"1":0},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"Y, no comingling between LL\">Tenn Code 66-28-301(h)\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fa>\u003Cspan data-sheets-userformat=\"{"2":13249,"3":{"1":0},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"Y, no comingling between LL\">\u003Cspan data-sheets-userformat=\"{"2":13249,"3":{"1":0},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"Y, $ over $100 must be deposited in an escrow account of an instittue regulated by Federal Resere Baord, Federal Home Loan Bank Board, Comptroller of the Currency, or the Pennsylvania Dept of Banking. Tenant needs to be provided with name & address of banking institute and amount (68 PS 250.511b(a)). Escrow account may, but does not necessarily have to generate interest. (68 PS 250.511b(a)). If the deposit is in an interest bearing account AND after 2 years of rental, LL may receive administrative fee (up to 1% of the interest rate per year) and the balance of the interest must be paid to tenant annually. (68 PS 250.511b(b) and (c)). Implicit in statutes: funds cannot be comingled with LL\">\u003Cspan data-sheets-userformat=\"{"2":13249,"3":{"1":0},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"Y, no commingling of funds. Security deposit must be placed in bank\u002Ffinancial institute insured by a federal agency. Interest earned belongs to LL (Mo. Rev. Stat 535.300.2)). "}\">\u003Cspan data-sheets-userformat=\"{"2":13249,"3":{"1":0},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"Y, no comingling between LL\">).\u003C\u002Fspan>\u003C\u002Fspan> \u003C\u002Fspan> \u003C\u002Fspan> \u003C\u002Fspan> \u003C\u002Fspan> \u003C\u002Fspan> \u003C\u002Fspan>\u003C\u002Ftd>\n\u003C\u002Ftr>\n\u003Ctr>\n\u003Ctd style=\"vertical-align: top;\">\u003Cspan data-sheets-userformat=\"{"2":8403937,"3":{"1":0},"8":{"1":[{"1":2,"2":0,"5":{"1":2,"2":0}},{"1":0,"2":0,"3":3},{"1":1,"2":0,"4":1}]},"9":0,"10":0,"11":4,"12":0,"14":{"1":2,"2":0},"15":"Calibri","16":11,"26":400}\" data-sheets-value=\"{"1":2,"2":"Texas"}\">Texas\u003C\u002Fspan>\u003C\u002Ftd>\n\u003Ctd>Not required\u003C\u002Ftd>\n\u003C\u002Ftr>\n\u003Ctr>\n\u003Ctd style=\"vertical-align: top;\">\u003Cspan data-sheets-userformat=\"{"2":8403937,"3":{"1":0},"8":{"1":[{"1":2,"2":0,"5":{"1":2,"2":0}},{"1":0,"2":0,"3":3},{"1":1,"2":0,"4":1}]},"9":0,"10":0,"11":4,"12":0,"14":{"1":2,"2":0},"15":"Calibri","16":11,"26":400}\" data-sheets-value=\"{"1":2,"2":"Utah"}\">Utah\u003C\u002Fspan>\u003C\u002Ftd>\n\u003Ctd>Not required\u003C\u002Ftd>\n\u003C\u002Ftr>\n\u003Ctr>\n\u003Ctd style=\"vertical-align: top;\">\u003Cspan data-sheets-userformat=\"{"2":8403937,"3":{"1":0},"8":{"1":[{"1":2,"2":0,"5":{"1":2,"2":0}},{"1":0,"2":0,"3":3},{"1":1,"2":0,"4":1}]},"9":0,"10":0,"11":4,"12":0,"14":{"1":2,"2":0},"15":"Calibri","16":11,"26":400}\" data-sheets-value=\"{"1":2,"2":"Vermont"}\">Vermont\u003C\u002Fspan>\u003C\u002Ftd>\n\u003Ctd>Not required\u003C\u002Ftd>\n\u003C\u002Ftr>\n\u003Ctr>\n\u003Ctd style=\"vertical-align: top;\">\u003Cspan data-sheets-note=\"type hereTechnically, VA Residential Landlord and Tenant Act (Code of Virginia, Title 55, Property and Conveyances Chapter 13.2) excludes "occupancy in single-family residences located in Virginia where owners are natural persons (or their estates) who own in their own name no more than 2 single-family residences subject to a rental agreement".  (VA code 55-248.5(A)(10)). This would be an exclusion of typical renters who may use LN\" data-sheets-userformat=\"{"2":8403939,"3":{"1":0},"4":{"1":2,"2":16773836},"8":{"1":[{"1":2,"2":0,"5":{"1":2,"2":0}},{"1":0,"2":0,"3":3},{"1":1,"2":0,"4":1}]},"9":0,"10":0,"11":4,"12":0,"14":{"1":2,"2":0},"15":"Calibri","16":11,"26":400}\" data-sheets-value=\"{"1":2,"2":"Virginia"}\" for=\"\">Virginia\u003C\u002Fspan>\u003C\u002Ftd>\n\u003Ctd>Not required\u003C\u002Ftd>\n\u003C\u002Ftr>\n\u003Ctr>\n\u003Ctd style=\"vertical-align: top;\">\u003Cspan data-sheets-note=\"Not applicable for mobile home\u002Fparks.\" data-sheets-userformat=\"{"2":8403937,"3":{"1":0},"8":{"1":[{"1":2,"2":0,"5":{"1":2,"2":0}},{"1":0,"2":0,"3":3},{"1":1,"2":0,"4":1}]},"9":0,"10":0,"11":4,"12":0,"14":{"1":2,"2":0},"15":"Calibri","16":11,"26":400}\" data-sheets-value=\"{"1":2,"2":"Washington"}\">Washington\u003C\u002Fspan>\u003C\u002Ftd>\n\u003Ctd>\u003Cspan data-sheets-userformat=\"{"2":13249,"3":{"1":0},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"Y, security deposit must be held in trust account with a bank or a trust account with licensed escrow agent in Washington State. No comgingling with LL\">Security deposits must be deposited by the landlord in a trust account, maintained by the landlord for the purpose of holding such security deposits for tenants of the landlord, in a financial institution as defined by \u003Cspan data-sheets-userformat=\"{"2":13249,"3":{"1":0},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"Y, security deposit must be held in trust account with a bank or a trust account with licensed escrow agent in Washington State. No comgingling with LL\">\u003Ca href=\"http:\u002F\u002Fapp.leg.wa.gov\u002FRCW\u002Fdispo.aspx?cite=30.22.041\" target=\"_blank\" title=\"\" rel=\"noopener\">RCW 30.22.041\u003C\u002Fa>\u003Cspan data-sheets-userformat=\"{"2":13249,"3":{"1":0},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"Y, security deposit must be held in trust account with a bank or a trust account with licensed escrow agent in Washington State. No comgingling with LL\"> or with a licensed escrow agent located in Washington. Unless otherwise agreed in writing, the landlord is entitled to receive any interest paid. The landlord shall provide the tenant with a written receipt for the deposit and written notice of the name and address and location of the institution and any subsequent change thereof. Commingling deposits with the landlord's personal funds is prohibited (\u003C\u002Fspan>\u003C\u002Fspan>\u003Cspan data-sheets-userformat=\"{"2":13249,"3":{"1":0},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"Y, security deposit must be held in trust account with a bank or a trust account with licensed escrow agent in Washington State. No comgingling with LL\">\u003Ca href=\"http:\u002F\u002Fapps.leg.wa.gov\u002Frcw\u002Fdefault.aspx?cite=59.18.270\" target=\"_blank\" title=\"\" rel=\"noopener\">\u003Cspan data-sheets-userformat=\"{"2":13249,"3":{"1":0},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"Y, security deposit must be held in trust account with a bank or a trust account with licensed escrow agent in Washington State. No comgingling with LL\">\u003Cspan data-sheets-userformat=\"{"2":13249,"3":{"1":0},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"Y, security deposit must be held in trust account with a bank or a trust account with licensed escrow agent in Washington State. No comgingling with LL\">RCW 59.18.270\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fa>\u003Cspan data-sheets-userformat=\"{"2":13249,"3":{"1":0},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"Y, security deposit must be held in trust account with a bank or a trust account with licensed escrow agent in Washington State. No comgingling with LL\">\u003Cspan data-sheets-userformat=\"{"2":13249,"3":{"1":0},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"Y, security deposit must be held in trust account with a bank or a trust account with licensed escrow agent in Washington State. No comgingling with LL\">\u003Cspan data-sheets-userformat=\"{"2":13249,"3":{"1":0},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"Y, security deposit must be held in trust account with a bank or a trust account with licensed escrow agent in Washington State. No comgingling with LL\">).\u003C\u002Fspan>\u003C\u002Fspan> \u003C\u002Fspan> \u003C\u002Fspan> \u003C\u002Fspan>\u003C\u002Ftd>\n\u003C\u002Ftr>\n\u003Ctr>\n\u003Ctd style=\"vertical-align: top;\">\u003Cspan data-sheets-userformat=\"{"2":8403937,"3":{"1":0},"8":{"1":[{"1":2,"2":0,"5":{"1":2,"2":0}},{"1":0,"2":0,"3":3},{"1":1,"2":0,"4":1}]},"9":0,"10":0,"11":4,"12":0,"14":{"1":2,"2":0},"15":"Calibri","16":11,"26":400}\" data-sheets-value=\"{"1":2,"2":"West Virginia"}\">West Virginia\u003C\u002Fspan>\u003C\u002Ftd>\n\u003Ctd>Not required\u003C\u002Ftd>\n\u003C\u002Ftr>\n\u003Ctr>\n\u003Ctd style=\"vertical-align: top;\">\u003Cspan data-sheets-userformat=\"{"2":8403937,"3":{"1":0},"8":{"1":[{"1":2,"2":0,"5":{"1":2,"2":0}},{"1":0,"2":0,"3":3},{"1":1,"2":0,"4":1}]},"9":0,"10":0,"11":4,"12":0,"14":{"1":2,"2":0},"15":"Calibri","16":11,"26":400}\" data-sheets-value=\"{"1":2,"2":"Wisconsin"}\">Wisconsin\u003C\u002Fspan>\u003C\u002Ftd>\n\u003Ctd>Not required\u003C\u002Ftd>\n\u003C\u002Ftr>\n\u003Ctr>\n\u003Ctd style=\"vertical-align: top;\">\u003Cspan data-sheets-userformat=\"{"2":8403937,"3":{"1":0},"8":{"1":[{"1":2,"2":0,"5":{"1":2,"2":0}},{"1":0,"2":0,"3":3},{"1":1,"2":0,"4":1}]},"9":0,"10":0,"11":4,"12":0,"14":{"1":2,"2":0},"15":"Calibri","16":11,"26":400}\" data-sheets-value=\"{"1":2,"2":"Wyoming"}\">Wyoming\u003C\u002Fspan>\u003C\u002Ftd>\n\u003Ctd>\u003Cspan data-sheets-userformat=\"{"2":13249,"3":{"1":0},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"N, Wyo Stat 1-21-1208(a) states security deposit refund should be returned \\"without interest\\"."}\">Not required. The security deposit refund should be returned \"without interest\" (\u003Cspan data-sheets-userformat=\"{"2":13249,"3":{"1":0},"9":0,"10":0,"11":4,"12":0,"15":"Calibri","16":11}\" data-sheets-value=\"{"1":2,"2":"N, Wyo Stat 1-21-1208(a) states security deposit refund should be returned \\"without interest\\"."}\">\u003Ca href=\"https:\u002F\u002Flaw.justia.com\u002Fcodes\u002Fwyoming\u002F2017\u002Ftitle-1\u002Fchapter-21\u002Farticle-12\u002Fsection-1-21-1208\u002F\" rel=\"noopener noreferrer\" target=\"_blank\" title=\"\">Wyo Stat 1-21-1208(a)\u003C\u002Fa>).\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Ftd>\n\u003C\u002Ftr>\n\u003C\u002Ftbody>\n\u003C\u002Ftable>","guide-legacy-html",[],[26],{"id":27,"name":28,"slug":29},"6a0c420e6ab1b500603df0d5","US Article","us-article",{"name":8,"slug":8,"productVersionSlug":8},{"title":6,"description":32,"keyword":8,"ogImage":8},"Many states require landlords to keep tenant security deposits in interest-bearing accounts. Often the rules include requirements for notify","2026-09-18T10:02:31.740Z","2026-05-19T10:57:18.658Z","published"]