Security Deposit Interest Act

Sections covered

• 765 ILCS 715/0.01Short title
• 765 ILCS 715/1Property › 765 ILCS 715 — Security Deposit Interest Act
• 765 ILCS 715/2The 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
• 765 ILCS 715/3This Act does not apply to any deposit made with respect to public housing