Maine Deposit bank holding / separate account

Deposit bank holding / separate account in Maine

Security deposits cannot be mixed with the landlord's assets. They must be held in a bank or other financial institution account beyond the reach of the landlord's creditors, and the landlord must tell a tenant who asks where the deposit is held. Code text: "may not be treated as an asset to be commingled with the assets of the landlord or any other entity or person."

Verified Source: 14 M.R.S. § 6038 · last checked 2026-10-16