§ 162.236. How will a cash bond be administered?
62 words·~1 min read·
/us/cfr/t25/s§ 162.236·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)If a cash bond is submitted, we will retain the funds in an account established in the name of the tenant.
(b)We will not pay interest on a cash performance bond.
(c)If the bond is not forfeited under § 162.252(a) of this subpart, we will refund the bond to the tenant upon the expiration or termination of the lease.