Banking Questions & Answers by State

Banking Questions & Answers

Q: HAVE A C.D. I found in the back of my safe it is dated on 1993 from norwest bank which is no more and has been taken o

1 Answer | Asked in Banking for North Dakota on
Answered on Feb 21, 2018

Go and find which bank currently controls the CD and access the CD.
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Q: im 18 years old and my dad has been keeping my bank card and he wont give it to me and im moving out what do i do

1 Answer | Asked in Banking and Family Law for Tennessee on
Answered on Feb 16, 2018

Go to the bank and ask for a new one. They will cancel the one your dad has and issue a new one. Some can even give you a temporary card on the spot.
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Q: When a seller financed loan is not paid, who is responsible to pay back? (Business was resold with loan)

1 Answer | Asked in Banking, Business Formation, Business Law and Contracts for Florida on
Answered on Feb 16, 2018

No way to say without first reviewing the loan paperwork. If you signed a personal guarantee and never got a release of that personal guarantee, then you may be on the hook for the loan.

You need to consult with an attorney in your area asap to get a thorough evaluation.

Good luck,
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Q: according to SC laws pertaining to auto loans, are you allowed to make principal payments without being charged interest

1 Answer | Asked in Banking and Consumer Law for South Carolina on
Answered on Feb 13, 2018

You need to review the note and related documents. Under a standard amortization, you can make payments to principal.

If your loan was financed using the rule of 78's, then, you cannot pay principal as you are asking.

If the loan is a simple interest loan, you are charged interest from the time you make one payment until you make the next payment. It is possible that you could not even pay any principal if you pay your loan a little late.

The question regarding the...
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Q: Why is a bank asking if I have an attorney for my credit card account?

1 Answer | Asked in Banking for New Jersey on
Answered on Feb 10, 2018

You would probably now the answer to this question better than us, such as did you make fraudulent charges and then dispute them, did you fail to pay your credit card bill etc. Thus many reasons could exist.
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Q: What does it mean if something is FDIC insured?

1 Answer | Asked in Banking for Florida on
Answered on Feb 10, 2018

If a bank or other financial institution is insured by the Federal Deposit Insurance Corporation, deposits in that bank are insured, up to a certain amount. If the bank fails (as happened in the Great Depression of the 1930s), your deposit is protected.
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Q: As VA legal representative for my mother and beneficiary of her will, she has no assets other than a $12,500 bank accoun

1 Answer | Asked in Banking, Elder Law and Probate for Florida on
Answered on Feb 7, 2018

It appears that your Mother has passed away. If so, you may qualify for what is called an administration without probate. Or a summary administration.

Best advice is to consult with a probate attorney from the area where you mother resided at her death to determine the best course of action.
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Q: Bank account levied. Creditor has judgement. Can I motion to Quash?

1 Answer | Asked in Banking, Small Claims and Collections for Tennessee on
Answered on Feb 5, 2018

You could file a motion to quash a garnishment and/or a slow pay motion to try and get some relief.
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Q: If you have multiple accounts with a bank, including a Custodial Account, and deposit a check into one of your regular

1 Answer | Asked in Banking and Consumer Law for New York on
Answered on Feb 5, 2018
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Q: Drive Time and SCRA

1 Answer | Asked in Contracts, Banking and Military Law for North Carolina on
Answered on Feb 4, 2018

You need to put it in writing. Here is some suggested language:

Dear Sir or Ma’am:

Pursuant to the Servicemembers’ Civil Relief Act (“SCRA”) 50 U.S.C. App. Section 527,

this letter is my formal written request to reduce the rate of interest to six percent (6.0%) for the

above referenced account.

I am currently serving on active duty with the Branch of Armed Forces. I entered active

duty on Date, which was after after the time I incurred...
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Q: I had an atty set it up so that my daughter owns my home and I have the right to live there. Can I get a heloc alone?

1 Answer | Asked in Banking and Consumer Law for New York on
Answered on Feb 2, 2018

You both need to sign.
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Q: received judgment against employer for failure to answer and execute garnishment, what now?

1 Answer | Asked in Banking and Collections for Mississippi on
Answered on Feb 1, 2018

Contact an attorney about your judgment or defaulted garnishment.
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Q: Do I have a right to my deceased grandmothers things?

1 Answer | Asked in Family Law, Banking and Probate for Missouri on
Answered on Feb 1, 2018

Did your father die before or after your grandmother? If your father died before your grandmother, then you (and any siblings you might have) are entitled to his portion of your grandmother's estate. If he died after your grandmother, then it was his place to seek his portion of his inheritance, and depending on how long ago all of this was, may have forfeited the right to seek the inheritance portion from your aunt. Talk to an estate planning attorney close to you to make sure you are within...
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Q: My MIL passed away earlier this month, no will. She has money in her bank acct, can we withdraw it? If so, how?

1 Answer | Asked in Banking and Probate for Tennessee on
Answered on Jan 31, 2018

You should call the bank and see if she named a beneficiary upon death. If she did, then the money belongs to that person.
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Q: My mother in law receives SSI and NYS tax went into my husbands account and took all his savings. Is this legal?

1 Answer | Asked in Banking, Social Security and Tax Law for New York on
Answered on Jan 30, 2018

If it was a joint account, then no.
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Q: Can I immediately use money from an unclaimed fund refund?

1 Answer | Asked in Banking and Collections for New York on
Answered on Jan 24, 2018

You can use it now.
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Q: I have a bank my mother helped me get. Her name is on the account. I got a loan she did not cosign can they go after her

1 Answer | Asked in Banking and Consumer Law for Oklahoma on
Answered on Jan 22, 2018

your mom is only liable to the extent she puts any of her money in the account. The bank can definitely drain the joint account to pay down the loan.
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Q: Am i liabel for a person who assigned me as POA? Not filed in court. Given to bank and hospital. Notarized.

2 Answers | Asked in Banking, Contracts and Estate Planning for Florida on
Answered on Jan 20, 2018

If you were given power of attorney, that doesn't make you liable for the debts of the principal (the person who signed the POA), if that's what you are asking.
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Q: Unlawful car repossession in my credit report.

1 Answer | Asked in Consumer Law, Contracts and Banking for Florida on
Answered on Jan 19, 2018

Short answer is maybe. You need to try to convince the creditor to change or remove the entry or correct it and or the credit reporting entity.

Just FYI. Credit reporting is a history record of good and bad credit events. If the repossession was due to occur but the creditor failed to follow Florida law the history would still show bad credit event but likely should show just the bad event or lack of payment and not a repossession. However you may have a long uphill battle to get the...
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Q: Greeting! What would happen if i stop my car payments because i can't afford them ? but i don't want to file bankruptcy.

1 Answer | Asked in Consumer Law, Contracts and Banking for California on
Answered on Jan 18, 2018

Your car will be repossessed whether you file bankruptcy or not.
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