The Trainer — February 2014

Handling Security Deposit Interest; Preventing CO Poisoning

In this month’s feature, we told you which sites HUD says must pay interest on security deposits and how to comply if you’re one of them. If you don’t follow the rules, HUD could charge you with serious offenses, such as “equity skimming” and “misappropriation of funds.” Disregarding the rules will result in fines and court-awarded damages—sometimes double or triple the amount of interest you owe—along with attorney’s fees and court costs.

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