New Jersey consumer dispute guide

Security deposit law in New Jersey

Deposit must be returned within 30 days. Landlord must pay annual interest on deposit. Wrongful withholding may result in 2x the amount withheld plus attorney fees.

Statute: N.J. Stat. § 46:8-21.1 · Penalty exposure: up to 2x the deposit

Key consumer protection statutes

• • New Jersey Deceptive Trade Practices / Consumer Protection Act
• • N.J. Stat. § 46:8-21.1 — security deposits
• • Fair Credit Reporting Act, 15 U.S.C. § 1681 (federal)
• • Fair Debt Collection Practices Act, 15 U.S.C. § 1692 (federal)
• • Magnuson-Moss Warranty Act, 15 U.S.C. § 2301 (federal)