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PART 5Procedures for payment, holding and repayment of deposits

Payment of tenancy deposits to a tenancy deposit scheme

22.—(1) On receipt of a tenancy deposit and the required accompanying information, the scheme administrator must—

(a)pay the tenancy deposit into a designated account; and

(b)issue written confirmation to the landlord and tenant that the tenancy deposit has been received and paid into a designated account.

(2) The scheme administrator must also advise the landlord and tenant of—

(a)the amount of the deposit;

(b)the date on which the deposit was received by the scheme administrator;

(c)the address of the property to which the tenancy deposit relates;

(d)the name and contact details of the landlord; and

(e)details of how to contact the scheme administrator to notify any inaccuracies in the information in sub-paragraphs (a) to (d).