Section 15B
- Citation
- Section 15B (3)
- Parent Document
- Mass. Gen. Laws ch. 186 § 15B
- Jurisdiction
- Massachusetts (state)
Other Sections in This Document (51)
- Mass. Gen. Laws ch. 186 § 15B
- Section 15B
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Full Text
749 chars(3) (a) Any security deposit received by such lessor shall be held in a separate, interest-bearing account in a bank, located within the commonwealth under such terms as will place such deposit beyond the claim of creditors of the lessor, including a foreclosing mortgagee or trustee in bankruptcy, and as will provide for its transfer to a subsequent owner of said property. A receipt shall be given to the tenant within thirty days after such deposit is received by the lessor which receipt shall indicate the name and location of the bank in which the security deposit has been deposited and the amount and account number of said deposit. Failure to comply with this paragraph shall entitle the tenant to immediate return of the security deposit.