Category Archives: Security Deposit

Chicago releases separate interest rate summary

Posted on January 3, 2020 by Richard Magnone

Chicago comptroller separate summary for leases for 2020 interest rate 5-12-170

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2019 Chicago Security Deposit Interest Summary Available

Posted on January 3, 2019 by Richard Magnone

2019 CRLTO Interest Rate Summary The City of Chicago has finally released the separate interest rate summary for Chicago RLTO governed leases for 2019.  Remember, Chicago landlords governed by the Chicago Residential Landlord and Tenant Ordinance are required by Section … Continue reading →

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2018 State of Illinois Security Deposit Interest Rate Released

Posted on January 8, 2018 by Richard Magnone

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

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2018 Chicago Security Deposit Interest Rate Released

Posted on January 2, 2018 by Richard Magnone

Security deposit interest rate for 2018 for rental agreements leases governed by the Chicago Residential Landlord Tenant Ordinance RLTO CRLTO

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State of Illinois finally announces their 2017 security deposit interest rate

Posted on January 24, 2017 by Richard Magnone

2017 Illinois rate announced by IDFPR Well, it took them about two weeks into the new year, but the State of Illinois has released the 2017 security deposit interest rate for those leases governed by the Illinois Security Deposit Interest … Continue reading →

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2017 CRLTO Chicago Interest Rate Summary Available

Posted on January 10, 2017 by Richard Magnone

2017 Rate of Interest on Security Deposits released by Chicago Building Department! It took a few days, but the 2017 Chicago RLTO interest rate summary is now available.  Remember, the interest rate for leases governed by the CRLTO entered into … Continue reading →

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2017 Chicago Security Deposit Interest rate released!

Posted on January 1, 2017 by Richard Magnone

2017 City of Chicago Security Deposit Interest Rate for Chicago rentals RLTO CRLTO

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Chicago Association of Realtors issues a Security Deposit Receipt

Posted on August 3, 2016 by Richard Magnone

New Receipt Form issued by CAR for Deposits As readers of my blog should be well aware, I do not advocate the use of security deposits in those rentals governed by the Chicago Residential Landlord Tenant Ordinance.  While many landlords … Continue reading →

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2016 Illinois Security Deposit Interest Rate Released

Posted on January 11, 2016 by Richard Magnone

State Rate Released The IDFPR has issued a news release indicating the new security deposit interest rate for 2016 for those tenancies governed by the Illinois Security Deposit Interest Act.  The rate technically goes up from last year’s rate.  The … Continue reading →

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Update on 2016 Illinois security deposit interest rate & more

Posted on January 5, 2016 by Richard Magnone

A few quick updates: First, the Illinois Department of Financial and Professional Regulation has not yet posted the 2016 Security Deposit Interest Rate for tenancies governed by the Illinois Security Deposit Return Act on their website (update: the rate has … Continue reading →

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