Kentucky Deposit bank holding / separate account

Deposit bank holding / separate account in Kentucky

Applies only in Kentucky cities and counties that have adopted the Uniform Residential Landlord and Tenant Act (KRS 383.500). Security deposits must be kept in a separate account used only for deposits at a regulated bank, and tenants must be told its location and number. Statute text: "All landlords of residential property requiring security deposits prior to occupancy shall be required to deposit all tenants' security deposits in an account used only for that purpose, in any bank or other lending institution subject to regulation by the Commonwealth of Kentucky or any agency of the United States government" (KRS 383.580(1)).

Verified Source: KRS 383.580(1) · last checked 2026-10-16