Idaho Security Deposit Account Rule for Third-Party Managers

Idaho Code § 6-321 includes a separate-account rule for residential security deposits managed by a third-party manager, with specified exceptions. The account must be at a federally insured financial institution and separate from the manager’s operating account.

Last reviewed: August 30, 20261 official source cited

Covered third-party managerSeparate account

Federally insured financial institution.

Operating fundsKept separate

Subject to the statute’s stated exceptions.

What to identify

Who legally owns the rental property.
Who actually manages the property.
Whether the manager is a third party.
Any deposit receipt or account disclosure.
Whether a statutory exception may apply.

Check the lease period and surrender date. Idaho defaults to 21 days but permits an agreed period up to 30 days. Educational information only.

Official sources

Idaho LegislatureIdaho Code § 6-321 — Security deposits ↗

Primary Idaho security-deposit statute covering refund timing, normal wear, itemized deductions and separate-account duties for certain third-party managers.

Related Idaho guides

Security Deposit →21 / 30-Day Rule →Normal Wear →Itemized Deductions →