Legal Question in Credit and Debt Law in New Jersey
In NJ is it allowable to place a bank levy on a tenant security account?
Asked on 10/17/11, 1:07 pm
1 Answer from Attorneys
John Corbett
Corbett Law Firm LLC
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.
See also: http://info.corbettlaw.net/lawguru.htm
Answered on 10/20/11, 7:30 am