New Jersey Deposit bank holding / separate account
Deposit bank holding / separate account in New Jersey
Deposits remain the tenant's property, must be held in trust and may not be mingled with the landlord's own property (N.J.S.A. 46:8-19(a)). They must be held in an interest-bearing account in a bank or savings association in New Jersey; landlords holding deposits for 10 or more units may instead use an insured New Jersey-based money market fund. Seasonal rentals are excluded.
Verified Source: N.J.S.A. 46:8-19 · last checked 2026-10-23
Same topic in neighboring states
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