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Rent Regulations

Cal. Civ. Code § 0.01

Short title. This Act may be cited as the Security Deposit Interest Act

In Force
Verified 9/18/2026 · Next check 9/25/2026
effective 9/18/2026IllinoisRent Regulation

Operative Text

Cal. Civ. Code § 0.01
Short title.
This Act may be cited as the
Security Deposit Interest Act.
Source: Legislative text reproduced verbatim
Plain English

Section 715 § 0.01 of the Illinois Compiled Statutes establishes the official short title of this law as the 'Security Deposit Interest Act.' This naming provision gives the statute a recognizable label used in legal citations, court filings, and public references. The section itself does not impose any obligations or grant any rights — it simply identifies the Act by name.

Written by anthropic/claude-sonnet-4.6 · Reviewed on September 18, 2026

Plain English — not legal advice.

For Property Managers

Property owners and managers in Illinois should be aware that the law governing interest on security deposits is formally titled the Security Deposit Interest Act under 765 Ill. Comp. Stat. 715 § 0.01. When referencing this statute in lease agreements, notices, or correspondence, using the official short title helps ensure clarity and accuracy. The substantive requirements — such as when and how interest must be paid — are found in the Act's other sections.

General guidance for property managers — not legal advice for your specific situation. Consult an attorney for advice on your case.

For Tenants

The Security Deposit Interest Act, established under 765 Ill. Comp. Stat. 715 § 0.01, is the Illinois law that addresses a landlord's obligations regarding interest on security deposits. Knowing the official name of this Act can help tenants locate the relevant statute when researching their rights or discussing the law with a tenant-rights organization. The actual protections and remedies available to tenants are detailed in the other sections of this Act.

General guidance for tenants — not legal advice for your specific situation. Consult a tenant-rights organization or attorney for advice on your case.

Generated September 18, 2026 — auto-generated, not yet human-reviewed. See /transparency for methodology.

Effective Timeline

Current
Sep 18, 2026
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Purpose

Source Information

Source:https://www.ilga.gov/Legislation/ILCS/Articles?ActID=2203&ChapterID=62&Chapter=PROPERTY&MajorTopic=RIGHTS%20AND%20REMEDIES
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