INTERNAL PROTOTYPE — NOT LEGAL ADVICE — DO NOT SEND

§ 880

Citation
§ 880 (b)
Parent Document
24 C.F.R. § 880.608
Original Source
https://www.law.cornell.edu/cfr/text/24/880.608 ↗

Other Sections in This Document (11)

Full Text

352 chars 
(b) The owner must place the security deposits in a segregated, interest-bearing account. The balance of this account must at all times be equal to the total amount collected from the families then in occupancy, plus any accrued interest. The owner must comply with any applicable State and local laws concerning interest payments on security deposits.