Maryland Commercial Law Section 15-702

Article - Commercial Law

§ 15-702.

      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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