Maryland Statutes

§ 15-702

Maryland·Article gcl Commercial Law·Title 15

For the purposes of this article, a bank or financial institution may not offset any property in its possession or money from a customer’s savings or checking account for the settlement of a delinquent consumer debt unless:

(1)The offset is authorized in writing by the customer; or
(2)A court order is obtained to permit the offset.

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Nearby Sections

15
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§ 15-210.1
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