New Paltz Village, N.Y., Code of Ordinances ch. 129 (eCode360 ed. 2026) § 129-17
Notification to tenant
Operative Text
Whenever a tenant shall provide to the landlord a security deposit, the landlord shall provide to the tenant a written receipt for the security deposit and shall further inform the tenant, in writing, of the location where the deposit is held; if the deposit is being held in a banking organization, the name and address of the banking organization in which the security deposit is being held; and a statement as to whether or not the deposit is being held in an interest-bearing account.
Under New Paltz Village Code ch. 129 § 129-17, when a tenant pays a security deposit, the landlord is required to issue a written receipt and provide written disclosure of where the deposit is being held. If the deposit is kept at a bank or other banking organization, the landlord must also share that institution's name and address. Additionally, the landlord must state in writing whether the deposit is held in an interest-bearing account.
Plain English — not legal advice.
Operators subject to New Paltz Village Code ch. 129 § 129-17 generally document each security deposit transaction with a written receipt delivered to the tenant at or near the time of collection. Compliant operators also prepare a written disclosure identifying the deposit's location, and if held at a banking organization, the institution's full name and address. That disclosure also includes a clear statement indicating whether the account is interest-bearing or not.
General guidance for property managers — not legal advice for your specific situation. Consult an attorney for advice on your case.
Under New Paltz Village Code ch. 129 § 129-17, tenants who pay a security deposit are entitled to a written receipt and a written notice specifying where their funds are held, the name and address of any banking organization involved, and whether the account earns interest. If a landlord has not provided these written disclosures, tenants may have grounds to raise that omission in a dispute over the deposit. Tenant-rights organizations familiar with New York housing law can help explain what options may be available when a landlord has not complied with these notification requirements.
General guidance for tenants — not legal advice for your specific situation. Consult a tenant-rights organization or attorney for advice on your case.
Generated November 9, 2026 — auto-generated, not yet human-reviewed. See /transparency for methodology.
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