1. Acceptance of Terms
By using the NYC Security Deposit Interest & Penalty Calculator ("the Tool"), you agree to these Terms of Service. If you do not agree, please do not use the Tool.
2. Not Legal Advice
The Tool provides general estimates based on standard interpretations of NY General Obligations Law § 7-103. It does not constitute legal advice. No attorney-client relationship is formed by your use of this Tool. You should always consult with a qualified, licensed attorney regarding your specific situation before taking legal action.
3. Accuracy of Information
While we strive to ensure the mathematical calculations and legal citations are accurate, laws and interest rates can change. We make no warranties regarding the accuracy, reliability, or completeness of the results provided by the Tool.
4. Use at Your Own Risk
Any demand letters or legal templates generated by this Tool are provided "as-is". Sending legal demands involves inherent risks. You use the generated documents entirely at your own risk.
5. Limitation of Liability
In no event shall the creators or maintainers of the Tool be liable for any direct, indirect, incidental, consequential, or punitive damages arising out of your access to, or use of, the Tool.
Last updated: April 25, 2026