41 O.S. § 115: Oklahoma security deposit rules in plain English
What 41 O.S. § 115 says about Oklahoma security deposits: the cap, the deadline to return the deposit, itemized deductions and interest. Every fact below comes from our statute-checked data. Last verified 2026-10-22.
Quick answer
- Return deadline
- 45 days
- The 45 days start only after all three: the tenancy has ended, you have handed back possession, and you have asked for the deposit in writing. Send that written demand: if you don't within 6 months after the tenancy ends, the deposit goes to the landlord.
- If the landlord keeps any part, they must give you an itemized written statement, by return-receipt mail or in person.
- Maximum deposit
- No statutory cap on the amount of a security deposit found in 41 O.S. §§ 101-136. 'Deposit' means money or other property required by a landlord from a tenant as security, to be returned on termination less deductions properly made under the Act (§ 102(2)). The deposit must be kept in an escrow account in an Oklahoma federally insured financial institution; misappropriation is unlawful and punishable by county jail up to six months and a fine up to twice the amount misappropriated (§ 115(A)). On termination the deposit may be applied to accrued rent and damages from the tenant's noncompliance with the Act and rental agreement, itemized in a written statement (§ 115(B)). A tenant may not deduct the deposit from last month's rent unless the rental agreement provides otherwise (§ 115(F)).
- Itemized list
- Yes, an itemized list of deductions is required
- Interest
- No interest: the balance is returned 'without interest' (§ 115(B)). The deposit must be held in an Oklahoma escrow account (§ 115(A)).
What 41 O.S. § 115 says, as we verified it
Deposit limit
No statutory cap on the amount of a security deposit found in 41 O.S. §§ 101-136. 'Deposit' means money or other property required by a landlord from a tenant as security, to be returned on termination less deductions properly made under the Act (§ 102(2)). The deposit must be kept in an escrow account in an Oklahoma federally insured financial institution; misappropriation is unlawful and punishable by county jail up to six months and a fine up to twice the amount misappropriated (§ 115(A)). On termination the deposit may be applied to accrued rent and damages from the tenant's noncompliance with the Act and rental agreement, itemized in a written statement (§ 115(B)). A tenant may not deduct the deposit from last month's rent unless the rental agreement provides otherwise (§ 115(F)).
Interest
No interest: the balance is returned 'without interest' (§ 115(B)). The deposit must be held in an Oklahoma escrow account (§ 115(A)).
Full citation: 41 O.S. § 115(A), (B), (E), (F); § 102(2) Read the official text
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FAQ: 41 O.S. § 115
How long does a landlord have to return a deposit under 41 O.S. § 115?
Under 41 O.S. § 115, a Oklahoma landlord has 45 days to return the security deposit or send an itemized list of deductions. The 45 days start only after all three: the tenancy has ended, you have handed back possession, and you have asked for the deposit in writing. Send that written demand: if you don't within 6 months after the tenancy ends, the deposit goes to the landlord. If the landlord keeps any part, they must give you an itemized written statement, by return-receipt mail or in person.
Is there a limit on the security deposit in Oklahoma?
No statutory cap on the amount of a security deposit found in 41 O.S. §§ 101-136. 'Deposit' means money or other property required by a landlord from a tenant as security, to be returned on termination less deductions properly made under the Act (§ 102(2)). The deposit must be kept in an escrow account in an Oklahoma federally insured financial institution; misappropriation is unlawful and punishable by county jail up to six months and a fine up to twice the amount misappropriated (§ 115(A)). On termination the deposit may be applied to accrued rent and damages from the tenant's noncompliance with the Act and rental agreement, itemized in a written statement (§ 115(B)). A tenant may not deduct the deposit from last month's rent unless the rental agreement provides otherwise (§ 115(F)).
Does Oklahoma require an itemized list of deductions?
Yes, an itemized list of deductions is required. Citation: 41 O.S. § 115(A), (B), (E), (F); § 102(2).
Does the landlord have to pay interest on the deposit in Oklahoma?
No interest: the balance is returned 'without interest' (§ 115(B)). The deposit must be held in an Oklahoma escrow account (§ 115(A)).
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Scan my Oklahoma leaseGeneral information only, not legal advice. Last verified 2026-10-22. Laws change; verify with the linked source or a licensed attorney.