Does a landlord have to pay interest on a security deposit in North Dakota?
Yes. North Dakota requires a landlord to pay the tenant interest on a security deposit. Interest required when held nine months or longer. The deposit itself must be returned within 30 days of the end of the tenancy. This is N.D. Cent. Code § 47-16-07.1.
| What | North Dakota |
|---|---|
| Interest payable | Yes |
| How it works | Interest required when held nine months or longer. |
| Deadline to return the deposit | 30 days |
Source
N.D. Cent. Code § 47-16-07.1
Read the statute in the North Dakota Century Code (North Dakota Legislative Branch): ndlegis.gov.
This is a summary of a published statute, not legal advice. Rules change, local ordinances can add to them, and the terms of a specific lease may differ. Check the citation and speak to a lawyer before acting.
How Seayora uses this rule
Seayora computes the deadline this rule sets from the tenancy’s own dates, shows it on the deposit statement, and reminds the landlord before it falls due — so the answer above is not reference material sitting beside the product, it is the rule the product enforces.
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The same question in other states
- Connecticut
- District of Columbia
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- Iowa
- Maryland
- Massachusetts
- Minnesota
- New Hampshire
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