New Jersey  |  Credit and Debt Law

Legal Question

Asked on: 10/17/11, 1:07 pm

In NJ is it allowable to place a bank levy on a tenant security account?

1 Answer

Answered on: 10/20/11, 7:30 am by John Corbett

Not if the levy is due to a judgment against the landlord. NJ statutes provide that the rent security deposits are still the tenant's money. The landlord must oppose any turnover of funds from a tenant's account.

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Corbett Law Firm LLC 303 Walnut Ave. Evesham, NJ 08053-7016

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