Maryland Deposit bank holding / separate account

Deposit bank holding / separate account in Maryland

Landlords must keep security deposits in interest-bearing accounts used only for deposits, at in-state branches of federally insured financial institutions, within 30 days of receiving them. Code text: "The landlord shall maintain all security deposits in federally insured financial institutions."

Verified Source: Md. Code, Real Prop. § 8–203(d)(1) · last checked 2026-10-16