Property Management
In New York, a landlord who fails to return a tenant's security deposit within the required period may:
AFace no penalty as long as they return it eventually
BForfeit their right to make any deductions and face liability for the deposit amount✓ Correct
CBe reported to the DOS
DOnly face a civil fine of $100
Explanation
Under New York law, a landlord who fails to return the security deposit within 14 days after the tenant vacates may forfeit the right to make any deductions and is liable to the tenant for the full deposit amount.
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