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North Dakota Deposit bank holding / separate account

Last reviewed 2026-10-16

Deposit bank holding / separate account in North Dakota

The landlord must put deposit money in a federally insured, interest-bearing savings or checking account for the tenant, and the deposit plus interest is paid to the tenant when the lease ends (subject to allowed deductions). Code text: "shall deposit the money in a federally insured interest-bearing savings or checking account for the benefit of the tenant."

Verified Source: N.D. Cent. Code § 47-16-07.1(1) · last checked 2026-10-16

Same topic in neighboring states

All North Dakota landlord-tenant law · North Dakota landlord FAQ · Security deposit limit · Deposit return deadline · Notice to enter · Required lease disclosures · Required disclosures (mold, lead, radon, bedbug, asbestos, flood zone)

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