Re: Tenant never asks for security deposit back

Re: Tenant never asks for security deposit back by Anonymous on May 23, 2017 @15:27

You are not in compliance with the Illinois Uniform Disposition of Unclaimed Property Act. You should be reporting the security deposit amount each year to the State Treasury Department. Failure to do so can result in the Illinois state treasurer imposing a penalty of $500 per day. (765 Ill. Comp. Stat. 1025/25(a)).

There is an amnesty program to sign up for according to State resoures.

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Re: Tenant never asks for security deposit back - Landlord Forum thread 352343