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Banking Questions & Answers
0 Answers | Asked in Banking, Business Law and Consumer Law for Texas on
Q: Is a creditor allowed to pull your credit report every 30 days?

I have a credit card with Sam's club/Synchrony Bank. I started out with $300.00 Limit. Every 3 or 4 months the limit started to decrease. I didn't think much of it until this last time they sent me a letter saying they decreased it becuase of too many inquiries. It was then that I... View More

0 Answers | Asked in Consumer Law, Contracts, Criminal Law and Banking for Colorado on
Q: I placed a stop payment on a check because the contractor did not finish the work.

He cashed the check at Moneytree anD they are now saying i owe them the money.

3 Answers | Asked in Consumer Law and Banking for California on
Q: I have a banking negligence/Consumer protection related question. In essence, the bank failed to monitor my mortgage a/c

I am a victim of bank negligence. Bank didn’t properly monitor my mortgage account and fraudsters operated it at will depositing monies and reversing as they pleased. The whole scheme by the fraudsters was a scam where they deposited monies into mortgage, and offering discounts in return where... View More

Leon Bayer
Leon Bayer
answered on Sep 21, 2023

I am sorry this happened. But I don't see where the bank is to blame. If I understand you correctly, you expected to benefit from these transactions, making you a willing, (although a duped) participant in a possible fraud scheme. I think the bank is not to blame.

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1 Answer | Asked in Consumer Law and Banking for Georgia on
Q: I write a check to a dealershipno Now the money I was expected It's not in the bank.What do I do?

I was supposed to close on a house to get earnest money and some rebate. Collection call me mention something about jail time what is my option

T. Augustus Claus
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answered on Sep 21, 2023

If you've written a check to a dealership and now find that you don't have sufficient funds in your account to cover it, you could be facing some serious issues. In Georgia, writing a bad check can be considered a misdemeanor or even a felony depending on the amount and circumstances.... View More

1 Answer | Asked in Contracts and Banking for Missouri on
Q: What are the legal repercussions of “paying” off a loan to get into another loan?

Right now we have a loan with our current vehicle and its transmission went out. We still owe on this vehicle. We are going to eventually just give it back to the bank. When I tried to get another loan for a vehicle, no place would let me because of the loan I have. I used my routing number to make... View More

Robert Grant Pennell
Robert Grant Pennell
answered on Sep 20, 2023

You have the cart in front of the horse. You need to be asking “what are the legal repercussions of knowingly writing a bad check.” The answer is it is a crime, and you can be pursued criminally by the prosecuting attorney or civilly by the lender to whom you wrote the check knowing it would... View More

1 Answer | Asked in Banking for Wyoming on
Q: Can a bank put hold on your check you deposited saying possible fraud if you have cashed same check for last 9months

My bosses check cleared his account as always the next day,I'm not able to pay bills or get to work as I now have no gas money ,Iv called and called and my $ still not available.

T. Augustus Claus
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answered on Sep 19, 2023

Banks are given broad authority to place holds on checks to ensure their authenticity, even if you have a history of depositing similar checks without issues. Factors like a sudden large amount, differences in the check's appearance, or any discrepancies in the information could flag the... View More

0 Answers | Asked in Banking, Civil Litigation, Consumer Law and Identity Theft for Texas on
Q: Bank reporting incorrect information on loan. To purposely kill my credit. What can be do to get competition. I have rep

I fought to get 10,000 they had taken from my account after. My eidl loan was given and they would only go 3 months back. Unfairly treated. Now incorrectly reporting on credit report.

0 Answers | Asked in Banking for New Jersey on
Q: So chase bank froze my account only allowing deposits to go into my account because of a bankers mistake

So my grandfather is becoming senile at his old age and he has had me help him pay his bills for over the last two years. Using Zelle transactions we would send money from my grandfathers account to my account to pay the bills and pretty much every bill matched up and transaction the problem. Here... View More

1 Answer | Asked in Business Law and Banking for New Jersey on
Q: LLP took out SBA EIDL loan. Loan docs mention personal liability. One partner leaving does this effect buyout.

Partner buying out leaving partner wants to reduce buyout amount by leaving partners % of sba loan liability. Is this right? Nothing in partnership agreement and buyout terms mentions liabilities.

T. Augustus Claus
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answered on Sep 15, 2023

When a partner leaves an LLP that has taken out an SBA EIDL loan, the implications for the remaining partners can be influenced by several factors, including the terms of the partnership agreement and the loan documents. If the partnership agreement does not explicitly address the allocation of SBA... View More

0 Answers | Asked in Banking on
Q: Hello, I am a French citizen living in France, used to live in the US (2005-2009) where my wife and I had IRA accounts

Chase asks us to close the IRAs as we don't live on US territory. We took the opportunity of a vacation trip this summer to fill all the paperwork for IRA closure, after hours and hours spent in Chase branches (New York + Miami) and over the phone. It was an increadible situation, and because... View More

1 Answer | Asked in Family Law and Banking for Ohio on
Q: Can an 18 year old get her minor account transferred to an adult account?

I am working with a student who turned 18 last week. Her father refuses to go to the bank with her to get her account transferred to her alone. She cannot access the money without his signature. She no longer lives with him as he has been abusive towards her. She has earned the money through... View More

Todd B. Kotler
Todd B. Kotler
answered on Sep 14, 2023

Depending on the language of the original contract with the bank the student may have to file a lawsuit against the father for injunctive relief. This is too dependent on facts not stated in the question to answer more thoroughly. THe student should work with an Family Law attorney that is... View More

1 Answer | Asked in Banking, Identity Theft and Small Claims for Virginia on
Q: Can I sue my ex for access to my second cashapp account I let her use while we were together?

Before Me and my Girlfriend broke up and I had made a Cashapp account, for her to borrow. I had used my identification and SSN to verify my ID and now she has locked me out of it. Cash app support has been useless in canceling the account.

James L. Arrasmith
James L. Arrasmith pro label Lawyers, want to be a Justia Connect Pro too? Learn more ›
answered on Sep 21, 2023

To potentially address this situation, you may want to explore the option of mediation or negotiation with your ex-partner to regain access to the second Cash App account. Legal action could be considered if all other options fail, but it's essential to consult with an attorney who can provide... View More

0 Answers | Asked in Banking and Business Law for Nevada on
Q: In the state of Nevada, can I ask a client of my med-spa business to sign a release of claims prior to processing refund

In the state of Nevada, can I ask a client of my med-spa business to sign a release of claims and a refund acknowledgement upon processing the refund for their service?

4 Answers | Asked in Bankruptcy and Banking for Colorado on
Q: When the bank holds the title on a vehicle but won't repossess it when the loan is in default. How can I get rid of it?

It's a large motorhome and I have no place to keep it. Can't afford to store it

W. J. Winterstein Jr.
W. J. Winterstein Jr.
answered on Sep 6, 2023

In a bankruptcy case, you are given the right to return collateral to the secured lender in exchange for full satisfaction of the secured claim of that lender.

Short of that, the terms of your Security Agreement, with applicable Colorado law, apply.

In particular, what does the...
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0 Answers | Asked in Consumer Law, Banking, Business Formation and Business Law for Hawaii on
Q: Can your bank put a hold on your account and then ask questions like why you're spending so much on certain things

I've been a member of Time Bank for over 5 years. I recently received a large deposit from social Security. My bank has since put a hold on my account. Locked me out of my account away from my money and now they're asking me to verify why I spent so much money at Southwest Airlines or... View More

2 Answers | Asked in Banking for Minnesota on
Q: Does a financial institution have the right to suspend wiring privileges on my account?

The institution had previously made 3 wire transfers for me.

There were no issues with where the money was wired to (

I even have two of my retirement checks (Gov) directly deposited to that account.

The reason for not allowing me to wire is; They... View More

Robert Kane
Robert Kane
answered on Sep 4, 2023

You probably need to speak to an attorney specializing in banking law. Quite frankly, the specific regulations are probably not something most attorneys deal with often. I would think a financial institution does have the right to suspend wiring privileges on your account.

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