Does NJ "7% interest on security deposit" apply after move out?

[Eric S.]

In bold is a NJ statute regarding notification (or lack thereof) of security deposit information and the penalty assessed when landlord fails to notify and cure. Following that are my questions:

• If notification is not given or if the security is not deposited or invested in accordance with this law, the tenant has the right to require that the security deposit, plus 7 % per year be applied toward any rent due.
  • Notification of deposit information and an account change was never given during a 6 year tenancy. A request for the request for the required information - and the 30 days to cure - took place after tenant had already moved out of the rental home and satisfied all rental payments. Does this still entitle tenant to the 7% interest rate on deposit, for failure of the landlord to comply with notification? Or is that only applicable when applied to rent due?

Any information would be much appreciated.