(765 ILCS 715/2)
(from Ch. 80, par. 122)
The lessor shall, within 30 days after the end of each 12 month rental
period, pay to the lessee any interest that has accumulated to an amount of $5 or more, by cash or credit to be
applied to rent due, except when the lessee is in default under the terms
of the lease. The lessor shall pay all interest that has accumulated and remains unpaid, regardless of the amount, upon termination of the tenancy.
A lessor who willfully fails or refuses to pay the interest required by
this Act shall, upon a finding by a circuit court that he has willfully
failed or refused to pay, be liable for an amount equal to the amount of
the security deposit, together with court costs and reasonable attorneys fees.
(Source: P.A. 99-253, eff. 1-1-16