Landlord Question and Answer Forum
I'm a PA landlord living in Virginia. Its very difficult for me to travel up to PA just to open an escrow account and my bank won't do it over the phone. What is the worst that can happen to me legally if I don't open an escrow account according to the letter of the law. Is it a big deal if I just put the money into a savings account?
Robert L, VA on Saturday, July 21, 2012
RE: Penalties for not having a security deposit escrow account
I think you can risk losing the deposit.
Posted by
karen s, WI
on
Tuesday, July 24, 2012
Author:
ann s, AL
Updated:
03/22/2016
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Delisea P, AL
Updated:
03/03/2016
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Kate S, NV
Updated:
09/03/2011
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