Property Management
Under Massachusetts law, a property manager must deposit a security deposit into:
AThe property management company's operating account
BA separate, interest-bearing escrow account in a Massachusetts bank✓ Correct
CAny bank account at the manager's discretion
DThe property owner's personal account
Explanation
Massachusetts law requires that security deposits be held in a separate, interest-bearing account at a bank located in Massachusetts, kept separate from the landlord's personal or operating funds.
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