If a property manager uses security deposit funds for personal payments what is this called. Can they be prosecuted and what possible fines or punishments are possible?
Thank you.
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If a property manager uses security deposit funds for personal payments what is this called. Can they be prosecuted and what possible fines or punishments are possible?
Thank you.
What are the state laws in that state for what has to be done with the security deposit, some require it to be put into a separate account
Is the property owner going to press charges, if so, the name of the actual charge will vary by state
Theft, embezzlement, fraud and so on
It's in Missouri. I believe they are to be in a separate, non-interest bearing account.
Hello k:
It's NOT criminal, so they can't be prosecuted. They can be SUED, though.
What will somebody win, IF they win?? Their deposit back.
excon
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