For housing near Luther College, can an Iowa landlord mix tenant deposits with personal money?
DIRECT ANSWER
Iowa Code2026 private residential rental summary only; section562A.5 exclusions apply. No individual legal outcome, college dormitory rule or property approval. Iowa Code2026; private residential rentals subject to562A.5 exclusions Source observed: 2026-10-16T21:38:04.624Z Confirm current requirements and the actual student, employee, household or property circumstances with the cited authority. No property inventory or named professional is assigned by this answer.
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.
Answer
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.
Scope and verification
Iowa Code2026 private residential rental summary only; section562A.5 exclusions apply. No individual legal outcome, college dormitory rule or property approval.
Iowa Code2026; private residential rentals subject to562A.5 exclusions
Source observed: 2026-10-16T21:38:04.624Z
Confirm current requirements and the actual student, employee, household or property circumstances with the cited authority. No property inventory or named professional is assigned by this answer.
Sources & verification
- Iowa Code2026 Chapter562A Retained independently source-supported evidence for the stated question and qualifications
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