Property Management
Under New Jersey's Security Deposit Law, a residential landlord must place security deposits in:
AThe landlord's personal checking account
BA federally insured interest-bearing bank account, separate from the landlord's funds✓ Correct
CAny account the landlord chooses
DA court-supervised escrow only
Explanation
NJ's Security Deposit Law requires residential landlords to deposit security funds in a separate, federally insured interest-bearing account. Interest belongs to the tenant.
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