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ORS 90.300 covers Oregon security deposits and does not address the issue you describe. As long as you are all co-tenants and are on the lease as 5 different tenants then your roommate cannot do this to you. The purpose of the deposit is to protect your landlord not your roommate. Normally the landlord would just write a check with all 5 tenants names on the check jointly and all co-tenants must sign off on the check in order to cash it. I would confirm and request for this to happen with the landlord as there is really no guidance either way but the key point is your roommate has no right ty of withhold the deposit from you legally. Your roommate will have to take you to small claims court for any remedies involving unpaid utilities.
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One option would be to request a separate check divided equally from the landlord although he/she has no obligation to fulfill this request. If this is not possible then in order to cash the check you will all have to sign it and divide the deposit equally. I know this will cause a hardship and maybe you can all sign it and have a person that you all consider trustworthy to distribute equal proceeds.
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