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Kentucky Banking Questions & Answers
1 Answer | Asked in Banking and Civil Litigation for Kentucky on
Q: A son talked my 87 year old dad into taking out a $200,000 loan saying I have property I can build us a big home

Where you all can live too. He sold the property and didn’t. The son is paying loan monthly but my dad needs it now. Legal recourse?

James L. Arrasmith
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answered on Jan 30, 2024

In a situation where your 87-year-old dad took out a $200,000 loan based on his son's promise to build a home, legal recourse may be possible depending on the specifics of the case. It's crucial to consult with an attorney who specializes in contract and elder law to assess the situation... View More

1 Answer | Asked in Banking for Kentucky on
Q: My husband and I had a joint bank loan as a second mortgage on our house. The loan amount covered consolidated credit ca

Cards from each of our own. I paid my balance off and explained to him what he owed. He has made his payments but now he borrowed more to once again pay off his ccs. We r falling apart so how do I keep from having to pay this bill?

James L. Arrasmith
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answered on Jan 22, 2024

In situations involving joint financial liabilities, such as a shared bank loan, both parties are typically responsible for the debt. If your husband has increased the loan amount without your consent, you should immediately contact the bank to discuss the situation and understand your rights and... View More

1 Answer | Asked in Criminal Law, Banking and Civil Rights for Kentucky on
Q: Went to store and they refused to cash check said can't until certain time..money center and customer service was open..

I went back at that certain time the Mgr said they can cash and because my last name had 1 letter misspelled they refused to cash..I was told call customer service..I did which is actually the claims dept for that store...Claims said go.back to store and they can and will verify over phone..did... View More

Timothy Denison
Timothy Denison
answered on Jul 15, 2023

Unfortunately, the store doesn’t have to cash your check at all. Cashing checks is a privilege only, not a right. Hence, their refusal to cash the check could be for any reason. Unless you can prove that the reason was in fact to discriminate, there is really no cause of action.

1 Answer | Asked in Consumer Law, Banking and Collections for Kentucky on
Q: What can I do?

So my bank forceplaced insurance on my loan, for nearly $7,000. Never once even telling me there was an issue with my insurance coverage. Since I had automated payments, I went 3 months paying my normal payment, and had no idea my payment had even been raised from $430 a month, to $880! Never once... View More

Timothy Denison
Timothy Denison
answered on Jun 7, 2023

You may want to consult a bankruptcy attorney who can review your entire financial situation and see if you qualify for snd debt relief if reduction programs or for bankruptcy.

1 Answer | Asked in Banking and Contracts for Kentucky on
Q: I have a signed contract where the other party is trying to stick me with something I didn't agree to.

Here are the basics. I bought a house for $49,000, and put $10K down in cash, financing the remaining $39K, directly with the seller. No bank was involved. The terms of my contract state that I'm to make equal monthly payments with 8% interest added in, until the debt is paid. No penalties... View More

Timothy Denison
Timothy Denison
answered on Jan 11, 2023

If it’s not in the contract, it was never a term of the contract.

1 Answer | Asked in Banking, Civil Litigation and Consumer Law for Kentucky on
Q: Can a credit Union charge your card without permission and then close your card in a middle of a credit card dispute.

I notice a charge on my Credit card from a insurance agent for disability. There was a over payment and they charge my credit card without my authority...

Timothy Denison
Timothy Denison
answered on Jan 4, 2023

The Union usually has a set off provision in their cardholder agreement which allows them to set off any monies in your account to the extent their debt is paid.

1 Answer | Asked in Consumer Law and Banking for Kentucky on
Q: I’m part of jones vs Lake Michigan credit union. I would like to start the ball rolling for Citizens bank of Kentucky

The have been chargingOutrages fees . Hundreds of dollars .

Timothy Denison
Timothy Denison
answered on Aug 1, 2022

What is your question?

3 Answers | Asked in Bankruptcy, Contracts and Banking for Kentucky on
Q: Son totalled his truck, insurance expired, owes 26K to bank. Junk yard won't take vehicle. Bankruptcy solve problem?
Lloyd  Nolan
Lloyd Nolan
answered on May 7, 2021

That would be one solution, assuming that bankruptcy makes sense otherwise. If he has low income, owns little or nothing, and has other significant deaths, this could be a reasonable option.

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1 Answer | Asked in Family Law and Banking for Kentucky on
Q: Is it legal for my guardian to keep the money from my paychecks after I'm 18?

My guardian is stating that they'll keep all the money I've earned over my time working since all of it is going into savings.

Timothy Denison
Timothy Denison
answered on Nov 9, 2020

At age 18, demand an accounting and the funds!

1 Answer | Asked in Banking, Civil Rights and Constitutional Law for Kentucky on
Q: Its is a felony to wear a mask. Knowing it conceals a persons identity?
Timothy Denison
Timothy Denison
answered on Jul 11, 2020

No. So long as the mask wearer is not engaged in any criminal activity.

1 Answer | Asked in Banking, Consumer Law, Contracts and Identity Theft for Kentucky on
Q: Is it illegal for a loan company to accidentally share your personal information with another person?

I had a personal loan, I paid it off in March or April. The loan company sent me the wrong persons original loan Note Agreement. Like I have someone else's original signature documents. Has personal info on it... I called the loan company to let them know and asked if my info was sent to the... View More

Timothy Denison
Timothy Denison
answered on Jun 17, 2020

No, not if it was accidental!!!

1 Answer | Asked in Banking for Kentucky on
Q: Can a bank hold funds in your account after they suspend the account for any reason?

Recently had my account suspended for unusual activity. They want receipts of every transaction for 30 days. Problem is I have explanation/documentation of many transactions and the rest I don't have documentation. I can't access my account and getting no help from the bank. Thanks.

Bruce Alexander Minnick
Bruce Alexander Minnick
answered on Apr 13, 2020

Unless you cooperate with the bank they will never release the funds in the account--until they feel safe and assured there are no other problems headed their way. That might take a year or two...

1 Answer | Asked in Banking, Consumer Law and Identity Theft for Kentucky on
Q: Can I get in trouble if someone willingly gives their bank information to me but now wants the money back?

They gave me their bank information over messages so I could pay off my credit cards but is now wanting the money back or he’s taking legal action

Timothy Denison
Timothy Denison
answered on Mar 4, 2020

Depends on whether it was a gift or a loan. Gift....no. Loan.....they can take legal action.

1 Answer | Asked in Banking, Business Law, Civil Litigation and Contracts for Kentucky on
Q: I live in the state of Kentucky where I own a business. I have had $1,400 stolen from me by the financial app venmo

Venmo is a popular app that is used to process financial transactions so that people can easily access funds online. Venmos reputation is littered with hundreds upon thousands of complaints about they're misleading policies and theft of funds for no reason. Venmo has stolen $1,400 from me that... View More

Timothy Denison
Timothy Denison
answered on Feb 29, 2020

Contact an attorney immediately and look into filing suit against Venmo.

1 Answer | Asked in Banking for Kentucky on
Q: Have a question?

If you have an a baking account active for over a year and then you apply for a loan at US Bank they say they’re from then they mobile deposit thousand dollar check and then come to find out it’s fake and the bank gave me 30 days to close my banking account

Bruce Alexander Minnick
Bruce Alexander Minnick
answered on Aug 24, 2019

Rather than explaining what happened to you and why, here is the bottom line: In modern-day America if anyone does anything at all to accept, cash or deposit checks--or wire transfers--that turn out to be fraudulent the receiving bank WILL either freeze the account and all money remaining in... View More

2 Answers | Asked in Banking and Federal Crimes for Kentucky on
Q: I used a sugar dating site and some of my payments got rejected and others didn't and I'm worried the ones who didntwill

No further help needed

Bruce Alexander Minnick
Bruce Alexander Minnick
answered on Jul 2, 2019

Although you did not ask the most important question, I will answer it anyway.

Doing what you admit you are doing may be looked at by some people who may be reading this as money laundering or some other federal crime involving the national banking system.

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1 Answer | Asked in Banking, Civil Litigation and Collections for Kentucky on
Q: How do I find out if a judgement has been passed against me?

Got sued by Zwicker & Assoc via Discover Bank Credit Card in January 2017. Tried to work things out between now and then and I just could never afford the payments. Now when I go to search FOR the case by my case # on the website it's like it never existed. What does this mean? Did they... View More

Timothy Denison
Timothy Denison
answered on Jan 27, 2019

Go to the courthouse, have them pull the file and you will be able to see if they have s judgment and is so, what collection efforts are underway against you. You may want to hire a lawyer to help you try and settle the case.

1 Answer | Asked in Banking, Civil Litigation, Criminal Law and Consumer Law for Kentucky on
Q: Is a check that was agreed to be held that gets cashed by a business and returned as NSF a civil or criminal matter?

We wrote a check on march 9th at a car lot in Ky for a down payment that the manager agreed to hold until we got our tax refund. Their finance department wasnt told to hold the check and it went to the bank over that weekend and was subsequently returned as non sufficient funds, they were supposed... View More

Timothy Denison
Timothy Denison
answered on May 1, 2018

The Lexington attorney is correct. If they agreed to hold it ( knowing the funds weren’t there and wouldn’t be there until later), it is a civil matter as you cannot defraud one who accepts a check knowing that the funds are not contemporaneously there.

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