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.
Reviewed: 2026-03-03
Reviewer: ReclaimDeposit legal research team
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.
Next steps
Turn this citation into an actionable demand and timeline.