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2013 Maryland Code
COMMERCIAL LAW
§ 15-702 - Offsets against consumer debts prohibited


MD Comm L Code § 15-702 (2013) What's This?

§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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