§ 15-702. Offsets against consumer debts prohibited

Latest version.

   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.

HISTORY: 1975, ch. 218.

                    
                        var val = document.getElementById('citecontent').innerHTML;
                        art.dialog.defaults.title = window.location.href;
                        art.dialog.data('cite', val);
                        art.dialog.data('homeDemoPath', '/Scripts/plus/artDialog/');
                        art.dialog.open('/Scripts/plus/artDialog/citeiframe.html');