Any deposit of money shall not be considered received in a fiduciary capacity within the meaning of section 82.55, subdivision 26 , but shall be held by the landlord for the tenant who is party to the agreement and shall bear simple noncompounded interest at the rate of one percent per annum, computed from the first day of the next month following the full payment of the deposit to the last day of the month in which the landlord, in good faith, complies with the requirements of subdivision 3 or to the date upon which judgment is entered in any civil action involving the landlord's liability for the deposit, whichever date is earlier. Any interest amount less than $1 shall be excluded from the provisions of this section. § Subd. 3. Return of security deposit. (a) Every landlord shall: (1) within three weeks after termination of the tenancy; or