Category Archives: Interest Rate

State of Illinois sets 2013 security deposit interest rate

The Banking Division of the Illinois Department of Financial and Professional Regulation has issued its statement of the interest rate paid by the largest commercial bank with its main banking premises in Illinois which sets the interest rate for landlords … Continue reading

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2012 CRLTO Interest Rate Summary Released

This City of Chicago has made available the 2012 CRLTO security deposit interest rate summary.  The summary can be found here.  This is ONE of the TWO summaries that must be provided to tenants pursuant to CRLTO Section 5-12-170 when … Continue reading

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State of Illinois Security Deposit Interest Rate for 2012 Set

The Illinois Department of Financial and Professional Regulation, Division of Banking, has  announced the security deposit interest rate to be used for 2012 under the Illinois Security Deposit Interest Act is 0.005%.  

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