Tag Archives: interest rate

2016 Illinois Security Deposit Interest Rate Released

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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2014 State of Illinois Security Deposit Interest Rate set

The new 2014 security deposit interest rate for those leases and tenancies governed by the Illinois Security Deposit Interest Act has been released by the Illinois Department of Financial and Professional Regulation Banking Division.   For Illinois leases governed by … Continue reading

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2014 City of Chicago CRLTO Security Deposit Interest Rate set!

Well, here’s an early New Year’s present!  Erin Keane, acting Comptroller of the City of Chicago has released the new rate of interest on security deposits governed by the Chicago Residential Landlord Tenant Ordinance for the period from January 1, … Continue reading

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Calculating security deposit interest payment on a one year lease per the CRLTO

Calculating the interest due a tenant on a security deposit held by a landlord pursuant to a tenancy governed by the Chicago Residential Landlord Tenant Ordinance should be simple enough, right?  It should be, however, because of the “high stakes” … Continue reading

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2013 City of Chicago CRLTO Secuirty Deposit Interest Rate set

The Comptroller of the City of Chicago has issued its statement of the interest rate paid on passbook savings accounts, insured money market accounts and six month certificates of deposit at the commercial bank having its main branch located in … Continue reading

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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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2012 City of Chicago RLTO interest rate set!

As most readers of this blog know, the CRLTO requires that the Comptroller of the City of Chicago set the rate of interest for security deposits annually.  The new interest rate on security deposits under CRLTO governed rental agreements for … Continue reading

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