For housing near North Carolina A&T State University, how must a North Carolina residential landlord safeguard tenants’ security deposits?
DIRECT ANSWER
Official page observed October 16, 2026; undated policy or program details require confirmation before a binding commitment. 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.
For covered tenancies, the Deposit Act requires an eligible trust account or insurance bond, and notice of the bank/institution or bonding insurer within30days after the lease begins. A landlord’s ordinary operating account is not the stated default alternative.
Answer
For covered tenancies, the Deposit Act requires an eligible trust account or insurance bond, and notice of the bank/institution or bonding insurer within30days after the lease begins. A landlord’s ordinary operating account is not the stated default alternative.
Scope and verification
Official page observed October 16, 2026; undated policy or program details require confirmation before a binding commitment.
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
- https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/ByArticle/Chapter_42/Article_6.html Retained independently source-supported evidence for the stated question and qualifications
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