What does 765 ILCS 715/1 - Interest required on deposits held over 6 months (buildings 25+ units) mean for Illinois tenants?
This section governs interest on deposits and should be cited when disputing wrongful withholding under Illinois law.
765 ILCS 715/1 - Interest required on deposits held over 6 months (buildings 25+ units): Illinois statute explainer
Plain-English explanation of interest on deposits with actionable next steps.
Deadline context
30-45 days
Penalty context
2x damages
How to use this statute in your case
- Capture all dates and documents tied to this statutory requirement.
- Use the statute language verbatim in your written demand.
- Escalate with organized evidence if the landlord does not cure.
Frequently asked questions
Quick answers to the questions renters usually have before citing this statute in a demand letter or court filing.
How long does a Illinois landlord have to return the deposit?
30 days for non-itemized return; 45 days if providing itemized deductions (30-45 days).
What penalties can apply if my landlord violates 765 ILCS 715/1 - Interest required on deposits held over 6 months (buildings 25+ units)?
2x deposit amount for willful failure to comply.
Next steps
Turn this citation into an actionable demand and timeline.