Maryland Statutes

§ 15-702

Maryland § 15-702
JurisdictionMaryland
Article gclCommercial Law
Title15

This text of Maryland § 15-702 is published on Counsel Stack Legal Research, covering Maryland primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Md. Code Ann., Commercial Law § 15-702 (2026).

Text

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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Bluebook (online)
Maryland § 15-702, Counsel Stack Legal Research, https://law.counselstack.com/statute/md/gcl/15-702.