Massachusetts Security Deposit Law: M.G.L. c. 186 § 15B Triple Damages
What are the penalties for security deposit violations in Massachusetts?
Under Massachusetts General Laws Chapter 186 Section 15B, landlords must return deposits within 30 days. Violations regarding escrow accounts or failure to return deposits trigger mandatory treble damages (triple the deposit amount) plus 5 percent interest and reasonable attorney fees.
Massachusetts General Laws Chapter 186 § 15B
Massachusetts has one of the strictest consumer protection statutory schemes in the nation regarding security deposits under M.G.L. c. 186 § 15B.
Strict Administrative Mandates
A Massachusetts landlord must place the deposit in a separate, interest-bearing bank account in a Massachusetts financial institution within 30 days of receipt, provide written receipt stating bank details, and execute a formal Statement of Condition at commencement.
30-Day Return & Sworn Itemization
Within 30 days after termination of tenancy, the landlord must return the deposit plus accrued interest, or provide a sworn statement of damages signed under the pains and penalties of perjury, accompanied by written estimates or repair receipts.
Mandatory Triple (3x) Damages
Under M.G.L. c. 186 § 15B(7), failure to deposit funds properly, commingling funds, or failing to return the deposit within 30 days results in mandatory treble damages (3x the deposit amount), plus 5% interest and reasonable attorney's fees.