N.Y. Comp. Codes R. & Regs. Tit. 9 §§ 1642-5.8
Current through Register Vol. 46, No. 53, December 31, 2024
The procedure for handling unclaimed security deposits is the same as that for handling unclaimed credit balances of tenants' accounts (see § 1642-4.10), except that the unclaimed security deposits shall be kept open for six years before being transferred to the administration fund as a credit to account 3590, Miscellaneous Project Income. Unclaimed security deposit ledger sheets may be segregated in the back of the security deposits ledger.
N.Y. Comp. Codes R. & Regs. Tit. 9 §§ 1642-5.8