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New York Banking Questions & Answers
0 Answers | Asked in Consumer Law, Gov & Administrative Law, Real Estate Law and Banking for New York on
Q: What is required from a licensed New York state lawyer to become a licensed mortgage loan originator in New York?

Are there requirements regarding SAFE state law pre-license education, additional courses, testing, sponsorship etc.?

1 Answer | Asked in Banking, Business Law and Internet Law for New York on
Q: Stripe hold my money for 18 months already on my social media agency account and I need help releasing the money

About 5000$ in hold

Daniel Michael Luisi
Daniel Michael Luisi
answered on Nov 8, 2022

I would need to review with you the documents on your account dashboard for the reason for the hold. Depending on what my investigation uncovers we may issue a legal demand letter to the Stripe legal department.

1 Answer | Asked in Contracts, Divorce and Banking for New York on
Q: Car loan?

In June, 2022 I bought a new car. The bank wouldn’t approve me for a loan on my own so I had to have someone co-sign. My only option was my ex boyfriend. He co-signed for me but now he’s about to go through a divorce and is saying he’s going to put my car on the list of assets for his court... Read more »

Michael David Siegel
Michael David Siegel
answered on Oct 31, 2022

You are not going to get his name off unless you fully refinance. It is also his car for purposes of the divorce. There is nothing you can do but keep paying. If you pay, you cannot lose the car.

1 Answer | Asked in Banking and Collections for New York on
Q: Hello I received a check from Wells Fargo because a few years ago they messed up and car was impounded.

I have a letter that explains it not sure if I could get more money?

Tim Akpinar
Tim Akpinar
answered on Aug 25, 2022

The facts aren't fully clear here, but this sounds like it might involve a repossession action. Your question remains open for five weeks - you could try reposting and adding Banking & Collections as categories. There's no guarantee of a response - most attorneys would ask to see... Read more »

1 Answer | Asked in Banking for New York on
Q: Is it legal to use a fake credit card if i don't spend money on it
Tim Akpinar
Tim Akpinar
answered on Jul 10, 2022

It's probably best not to. An attorney who works in banking could probably give you detailed reasons not to, but anything fake or false like that in terms of credentials, ID, etc. is best to avoid. Good luck

1 Answer | Asked in Criminal Law, Banking, Business Law and Identity Theft for New York on
Q: hi. My wife took an imposter to sign on my behalf at a check cashing place.

the check was deposited into an account ,she claimed the person who had the same first name and last name as me as her husband to cash out $2400 stimulus check in may of 2020,I came to find out about the check cashed in march 2021,Irs sent me a check copy in August 2021,I made a police report but... Read more »

Richard W. Noel
Richard W. Noel
answered on Mar 2, 2022

If I was in your situation, I would gather all of the information, hire a civil attorney, and sue her and the imposter for the amount of money stolen, as well as the cost for litigation. After filing the suit, I would also subpoena the place for footage of the transaction. Hopefully it still... Read more »

1 Answer | Asked in Family Law and Banking for New York on
Q: My son, who is incarcerated, gave me Durable Power of Attorney to cash stimulus check of $1400, can't get cashed

Citizens bank, where I have an account, will not allow me to cash it or deposit the check even with the Durable Power of Attorney. My son marked on it for banking transactions, retirement benefit transactions and tax matters. I also have his state issued ID. I've been searching for other... Read more »

Peter Christopher Lomtevas
Peter Christopher Lomtevas
answered on Oct 27, 2021

Go to his bank, endorse the check by signing the back of the check "his name by your name, his agent" or "his attorney in fact" and bring the power of attorney with you. The bank should have no problem cashing it unless it is for a large amount, in which case you may need to... Read more »

1 Answer | Asked in Banking and Real Estate Law for New York on
Q: My spouse passed away. Both names on mortgage. My name primary. Do I need to change the mortgage contract?
Michael David Siegel
Michael David Siegel
answered on Sep 3, 2021

No. Just keep paying. If you are both on deed, same answer. If not, you may need to do an estate proceeding.

1 Answer | Asked in Banking and Probate for New York on
Q: Person not participating in inheritance procedures.

My brother refuses to be involved in signing papers needed regarding my fathers estate. My mother’s bank accounts are frozen and they have a house in PR. Also my father sold his car to his brother in PR before dying but no title was signed my brother refuses to sign an affidavit giving up his... Read more »

Elaine Shay
PREMIUM
Elaine Shay
answered on Aug 2, 2021

If a required family member will not sign waivers, the party seeking to file the Petition for Probate or Administration will be required to seek the service of Citations from the Court.

1 Answer | Asked in Banking, Insurance Bad Faith and Insurance Defense for New York on
Q: what to do if my bank refuses my father's life insurance claim?

My father's bank refuses to pay me by telling me that my father did not contributed the last months before his death without giving me any official paper or proof. My father contributed to this insurance for more than 30 years and it's a shame not to get any penny..

Tim Akpinar
Tim Akpinar
answered on May 9, 2021

I'm sorry for your ordeal that makes a difficult situation even more painful. It appears you've already requested records. It's difficult to offer step-by-step instructions here, as the next step could possibly require litigating the claim, depending on the situation. Reach out to... Read more »

1 Answer | Asked in Consumer Law and Banking for New York on
Q: chase froze my personal joint account with my wife saying i cant get sba loans and grants deposited in ac without notice

i am uber driver where we dont need EIN NUMBER & BUSINESS ACCOUNT & sba qualified me for loans & grants and chase has issues saying they gonna keep the funds which includes my savings and wife salary too i dont have any source of income to run my family

Michael David Siegel
Michael David Siegel
answered on Apr 28, 2021

It is not being frozen due to the PPP loan. There must be some other issue or judgment.

1 Answer | Asked in Banking for New York on
Q: i send a wire and I enter the wrong account number what can i do ?

and my bank tried to contact that person but the that person ignoring

we send that through Chase to Citibank and Citibank don't went to talk to me

so the bank tell me that is nothing to do

Michael David Siegel
Michael David Siegel
answered on Apr 23, 2021

The wire should have been rejected if the name on the account did not match the account number. Are you sure it went through?

1 Answer | Asked in Banking for New York on
Q: Is it illegal in NY to lie about personal information when applying for a credit card?

For example in this instance, the person filling out the application for the card put the card in their child's name (their child is a minor and not allowed to have a card of his own) and in their social security number. The card is connected to the child's bank account and the rest of... Read more »

Tim Akpinar
Tim Akpinar
answered on Dec 25, 2020

As a general matter, it could violate fraud laws involving financial institutions, in addition to violating terms of service and conditions for the card. It would probably be better for the adult to find a credit card company that offers the option to take out an additional card for a family member... Read more »

1 Answer | Asked in Banking, Civil Litigation, Consumer Law and Contracts for New York on
Q: how can I force the original creditor to provide documentation of the debt or remove account from my credit report
Tim Akpinar
Tim Akpinar
answered on Jan 6, 2021

This could be something that a collection defense attorney would be able to advise best on. All the categories you chose make good sense, but you await a response for four weeks. You could try reposting and adding Collection as a category. Not all posts are picked up, but you'd probably have... Read more »

1 Answer | Asked in Banking for New York on
Q: Hi.sir please tell me how to proceed my PayPal account activation mechanic card master,visa card?

Please give a common number for outbroad number

Tim Akpinar
Tim Akpinar
answered on Dec 10, 2020

The customer service representatives at PayPal (possibly together with those at Master Card or Visa) would probably be more knowledgeable about this, since it would involve the company's own standard operating procedures. Most attorneys would not be familiar with this as general information.... Read more »

1 Answer | Asked in Banking for New York on
Q: I am being charged a 3500 fee from my bank on a regular basis my account is on lockdown right now and I’m being charged

Each bounced check is costing me 35.00 for each one I have enough money to pay those bills in my account I did not put it on lockdown can they do that

Michael David Siegel
Michael David Siegel
answered on Dec 1, 2020

You likely have a judgment and a levy on your account. Call your bank.

1 Answer | Asked in Foreclosure and Banking for New York on
Q: In tax foreclosures is the winning bidder responsible for liens/mortgage loans on property?

How would someone find out that information? Is going through a lawyer the only way to get reliable infor.?

Michael David Siegel
Michael David Siegel
answered on Oct 16, 2020

No. Mortgages are junior to the taxes. Thus, they should be foreclosed out, unless the plaintiff failed to name it.

1 Answer | Asked in Contracts and Banking for New York on
Q: My friend's dad passed away and he had $25,000,000 worth in in shares that he left to his daughter but the shareholders

Won't release the money untill she pays 10,000 for holding fee how does she get around that because we can't come up with the release money

Michael David Siegel
Michael David Siegel
answered on Sep 27, 2020

I do not know the details, but this seems like a scam.

1 Answer | Asked in Banking for New York on
Q: Does my bank have to disclose what documents were produced through a Court ordered subpoena to me?

I have been asking what documents were produced in response to a court ordered subpoena. I have left messages and written letters to the legal dept. but they have not answered. Are they obligated to tell me?

Victor M. Feraru
Victor M. Feraru
answered on Sep 15, 2020

If the records have been released due to a court ordered subpoena--have your counsel request what was released from the Court. Do you have a copy of the subpoena?

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