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For housing near this school, can an Iowa landlord mix tenant deposits with personal money?

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Trinity University

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Compare published answers by school

Luther College

No. Section 562 A.12(2) requires covered rental deposits to be held for tenants in a federally insured financial institution and prohibits mixing them with personal funds. A common trust account is allowed under the stated terms.

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Wartburg College

No. Section 562 A.12(2) requires covered rental deposits to be held for tenants in a federally insured financial institution and prohibits mixing them with personal funds. A common trust account is allowed under the stated terms.

Sources checked

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