Banking laws Legal Questions and Answers
I have companies asking me to post a post dated check what are the federal and state laws in Michigan regarding post dated checks? banks are stating it is federal law that that cannot be done, the collectors argue that is is common practice & legal. I need to know in detail the law and the code so next time I have it verbatim. I ask because I am taking over my 77 yr old moth...06/26/2010 | Category: Banking laws | State: Michigan | #22483
Can a bank allow a withdrawal of over $100,000. on a joint account with out the consent of both signatories?01/19/2010 | Category: Banking laws | State: Florida | #20513
I put a stop payment on a check given to a contractor to complete masonry work at my home. The 'check cashing' entity wants me to pay since they cashed the check. However, my bank honored the stop payment which was made 3 business days after I had written the check. What is my liability?10/12/2009 | Category: Banking laws | State: California | #19069
TD F 90-22.1 (rev. 10-2008) states under General Definitions: Account in a Foreign Country: 'Do not report any account maintained with a branch, agency, or other office of a foreign bank (or)_ other institution that is located in the United States'.What constitutes 'branch, agency, or other office of a foreign bank (or) other institution that is located in the United States'?Fo...09/25/2009 | Category: Banking laws | State: Hawaii | #18798
What do I need to give to my loan servicer if I am requesting a loan modification?07/23/2009 | Category: Banking laws | State: ALL | #17729
A HOME OWNED BY HER EX-HUSBAND AND HERSELF IS BEING FORECLOSED UPON. NEITHER PARTY IS INTEREST IN RETAINING THE HOME, A BANK DOES HOLD A TITLE ON THIS HOME, THEY HAVE BOTH BEEN SERVED PAPERS NOTIFYING THEM OF THE MONEY OWED, BUT NEITHER CAN PAY ON THIS HOME TO STOP THE PROCEEDURE. WILL THE BANK SELL THIS PROPERTY AND WILL THE MORTGAGE BE CONSIDERED PAID?06/12/2007 | Category: Banking laws | State: Florida | #6387
What can happen to me if I don't pay for returned checks under $500 and also over $500 to $1000 dollars?
What can happen to me if I don't pay for returned checks under $500 and also over $500 to $1000 dollars?06/12/2007 | Category: Banking laws | State: Texas | #6383
What actions and with what agency can a business in our area pursue a stopped payment check ?06/07/2007 | Category: Banking laws | State: Mississippi | #6244
My ex husband recently passed away. We have been divorced for 2 years, but we had a joint checking account that he did not close out because he did not want to have to change his direct deposit information. What happens to the checking account seeing how my name is still on it? Does that make me liable for any bills? I currently live in KY, but the account is in New York wher...05/03/2007 | Category: Banking laws | State: Kentucky | #3642
Can a bank charge of fee to cash a check drawn on that bank if person cashing does not have account?
If a check is presented at the bank on which the check is drawn, can the bank refuse to cash it unless the holder pays a fee to the bank? I can understand a fee if the check is drawn on a different bank, but I thought a negotiable instrument was an unconditional order to pay a specific sum of money to the person specified or to the bearer when presented. (The bank had no pro...04/21/2007 | Category: Banking laws | State: Colorado | #3246