Iowa Deposit bank holding / separate account

Deposit bank holding / separate account in Iowa

Deposits must be held for the tenant in a federally insured bank, savings and loan or credit union, and not mixed with the landlord's personal funds. A shared, interest-bearing trust account is allowed. Code text: "Rental deposits shall not be commingled with the personal funds of the landlord."

Verified Source: Iowa Code § 562A.12(2) · last checked 2026-10-16