NCGS § 42-50 - Must be held in trust account at NC licensed bank or savings institution: North Carolina statute explainer
Plain-English explanation of escrow requirements with actionable next steps.
Reviewed: 2026-03-03
Reviewer: ReclaimDeposit legal research team
Deadline context
30 days
Penalty context
Actual 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.