Within a reasonable time after your interest ends, you or your agent must either transfer each deposit, less lawful deductions, to the buyer and notify the tenant in writing of the transfer and the buyer's name and address, or return the deposit, less lawful deductions, to the tenant. Either choice ends your deposit liability.
If the tenant does not object within 20 days after written notice of the amount transferred, the buyer's duty to return the deposit is limited to that amount. The transfer notice must include a stamped envelope addressed to the buyer. The buyer takes over the rights and obligations for the transferred deposit.