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Old 04-14-2009, 03:22 PM
 
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Is it required by law in Pennsylvania that when you reside in a apartment complex that you need to participate in a interest bearing account for your security deposit?
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Old 04-14-2009, 04:00 PM
 
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The answer can be found here:

Consumers: Protecting Consumers - Pennsylvania Office of Attorney General

"The Landlord Tenant Act requires that interest be paid on security deposits held over two years."

So basically the landlord is required to earn interest for the tenant in due time.
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