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ReclaimDeposit

N.J.S.A. 46:8-19: For 10 or fewer units, the deposit goes in an interest-bearing account at an insured New Jersey bank or savings and loan; for 10 or more units, the statute also permits a qualifying New Jersey money-market fund or a variable-rate account at a qualifying New Jersey institution

Compare this New Jersey source with your dates, records, and the conditions that apply to your rental.

Reviewed: 2026-08-11

How sources are checked →

Deadline context

30 days

Possible remedy

2x wrongfully withheld + court costs

Primary statute

N.J.S.A. 46:8-21.1 et seq.

Official section source

What the cited source addresses

For 10 or fewer units, the deposit goes in an interest-bearing account at an insured New Jersey bank or savings and loan; for 10 or more units, the statute also permits a qualifying New Jersey money-market fund or a variable-rate account at a qualifying New Jersey institution.

Read the current official section

How to review this source with your facts

  • Capture all dates and documents tied to this statutory requirement.
  • Read the current official text, coverage, exceptions, and definitions.
  • Keep any written request factual and preserve the response.

Frequently asked questions

Questions to compare with the current source before using the citation in a letter or filing.

What does N.J.S.A. 46:8-19 address?

For 10 or fewer units, the deposit goes in an interest-bearing account at an insured New Jersey bank or savings and loan; for 10 or more units, the statute also permits a qualifying New Jersey money-market fund or a variable-rate account at a qualifying New Jersey institution. Open the current official text to check coverage, definitions, and exceptions for your situation.

How long does a New Jersey landlord have to return the deposit?

30 days after termination of the lease or license (30 days).

Could a penalty or other remedy apply?

Double the amount wrongfully withheld plus full court costs and, in the court's discretion, reasonable attorney fees. Check the source's required facts, conditions, notices, defenses, and remedy language before relying on it.

Next steps

Check the current source, calculate the relevant dates, and organize the records you may reference.

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