Hello, I am seeking advice on what I should do now do. I have made a gross over sight and completely forgot to place my tenants deposit into a scheme. Their tenancy started on 2nd August 2011,last year and I took a deposit. I read on this site that new legislation was introduced in April 2012 regarding deposits and now I'm panicking!! Does this mean it is to late to put the money in a deposit scheme and would I be liable to pay the tenant 3x the amount? What do I need to do to correct the situation? Your advice would be gratefully received.