Interest section beginsAfter 2nd anniversary
Section 511.2(c).
Administrative amount1% per year
Section 511.2(b) allows this amount when the statutory interest-bearing rule applies.
Ask for the escrow record
- Depository name/address notice.
- Deposit amount.
- Lease anniversary dates.
- Interest paid and any administrative deduction.
Compare this topic across states
Statewide baseline only. Local rules and the exact tenancy facts can change the analysis. This page is educational information, not legal advice.