Tag Archives: security deposit interest

Chicago releases 2014 Security Deposit Interest Rate Summary

Chicago issues CRLTO Summary for 2014 Interest Rate Section 5-12-170 of the Chicago Residential Landlord and Tenant Ordinance requires a separate summary (in addition to the ordinance summary) “…describing the rights, obligations, and remedies of landlords and tenants with respect … 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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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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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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