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Many states require this, but many states don't.

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9y ago

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Related Questions

Do all deposits gain interest?

Not all deposits gain interest. Deposits to a savings account in a bank usually earn interest. Security deposits sometimes earn interest depending on where you reside. Deposits into investments will earn interest and the rate depends on the state of the economy and the financial markets.


Do Colorado security deposits have to earn interest?

yes, but it depends.


Who can create security interest?

A security interest can be created by a debtor, typically an individual or business that owes a debt, to secure an obligation to a creditor. The creditor, often a lender or financial institution, may also be involved in formalizing the security interest through a security agreement. This agreement outlines the terms under which the collateral is pledged as security for the debt. Additionally, the creation of a security interest may require compliance with applicable laws, such as filing financing statements to perfect the interest.


Which type of deposit is paid in advance to protect landlords against nonpayments?

security deposit


What is retention money or security money?

When you rent an apartment, landlords usually ask for a security deposit equal to a month's rent. Renters can potentially cause all sorts of problems for landlords, they can damage the property that they rent, they can refuse to pay their rent, etc. This way landlords have at least some ability to penalize a tenant who causes these kinds of problems, by refusing to return the security deposit (in part or in full).


Do most landlords do background checks these days?

Yes most landlords do include background checks. This includes screening such as a social security validation, credit check, and criminal history.


is a security deposit as an asset or a liability?

Security deposits from customers side is a liability for business.


Is security deposit paid in advance to protect landlords against nonpayment?

Yes it is because it is, lol.


When are my Social Security benefit auto deposits deposited?

Weichert did.


How can credit unions ensure the security of member deposits?

Credit unions can ensure the security of member deposits by implementing strong security measures such as encryption, firewalls, and multi-factor authentication. They should also regularly monitor accounts for any suspicious activity and have insurance coverage to protect deposits in case of fraud or theft.


Does the government charge interest on SSI debts?

The Social Security Administration does not charge interest on a Supplemental Security Income overpayment.


Where can one find one's Social Security statements online?

Social security statements can be found online from many different sources. The most reliable source is the official government website SSA, which allows one to look up their social security statement.