2018 State of Illinois Security Deposit Interest Rate Released

Well, better late than never, the Illinois Department of Financial and Professional Regulation, Division of Banking today (1/8/18) released the new interest rate for security deposits governed by the Illinois Security Deposit Interest Act.  That rate is again 0.01%.  This marks the second year in a row that the Chicago and State of Illinois rate have been the same.


About Richard Magnone

Co-founding member of Reda | Ciprian | Magnone, LLC, attorney at law and Illinois licensed lawyer since 1996.
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