North Dakota Deposit bank holding / separate account

Deposit bank holding / separate account in North Dakota

The landlord must put deposit money in a federally insured, interest-bearing savings or checking account for the tenant, and the deposit plus interest is paid to the tenant when the lease ends (subject to allowed deductions). Code text: "shall deposit the money in a federally insured interest-bearing savings or checking account for the benefit of the tenant."

Verified Source: N.D. Cent. Code § 47-16-07.1(1) · last checked 2026-10-16