Maine Interest on deposits

Does a landlord have to pay interest on a security deposit in Maine?

Maine's security deposit chapter (14 M.R.S. ch. 710-A, §§ 6031-6039) requires deposits to be held in a bank account beyond the reach of the landlord's creditors, with the bank and account number disclosed on request. It does not require the landlord to pay interest (whole chapter read).

Verified Source: 14 M.R.S. § 6038 · last checked 2026-10-15