Lawyers, Answer Questions  & Get Points Log In
Wisconsin Banking Questions & Answers
1 Answer | Asked in Banking for Wisconsin on
Q: I deposit a check and it was fraudulent and now the bank wants me to pay the check is this legal?
James L. Arrasmith
PREMIUM
James L. Arrasmith pro label Lawyers, want to be a Justia Connect Pro too? Learn more ›
answered on Mar 29, 2024

If you deposited a check that turned out to be fraudulent, it's understandable that this situation would be stressful and confusing for you. Banks have policies in place to deal with fraudulent checks, and unfortunately, these policies often include holding the depositor responsible for the... View More

1 Answer | Asked in Contracts and Banking for Wisconsin on
Q: My bank has listed online on my latest statement that they have written my car loan off as bad debt. When writing the

Loan off what now are my legal obligations to the loan and does the bank need to file a lien release on the vehicle?

James L. Arrasmith
PREMIUM
James L. Arrasmith pro label Lawyers, want to be a Justia Connect Pro too? Learn more ›
answered on Mar 20, 2024

When a bank writes off your car loan as bad debt, it means the bank has deemed the debt unlikely to be collected and has removed it from their books. However, this does not absolve you of your responsibility to pay the loan. You are still legally obligated to repay the debt, and the bank or a... View More

1 Answer | Asked in Banking for Wisconsin on
Q: If a bank or credit union in Wisconsin alters or forges my income from $977.78 per month in ssi benefits to $2978.83...

On an unsigned loan application It legal for their attorney to sue me for $21,000 triple the car's value and get the dodge County court a place I do not live to replevin it please?

James L. Arrasmith
PREMIUM
James L. Arrasmith pro label Lawyers, want to be a Justia Connect Pro too? Learn more ›
answered on Mar 8, 2024

If a financial institution has altered or forged information on a loan application without your consent, this is a serious legal issue. Altering financial information to secure a loan could be considered fraudulent, and having this done without your signature raises significant concerns about the... View More

1 Answer | Asked in Arbitration / Mediation Law, Banking, Elder Law and Probate for Wisconsin on
Q: I am trying to find out what needs to be done to get my late parents bank records My brother, I and my daughter where P
James L. Arrasmith
PREMIUM
James L. Arrasmith pro label Lawyers, want to be a Justia Connect Pro too? Learn more ›
answered on Mar 5, 2023

To obtain the bank records of a deceased parent, you will typically need to follow a specific process that may vary depending on the laws and regulations in your jurisdiction. Here are some general steps you may need to take:

Obtain legal authority: In most cases, you will need to obtain...
View More

1 Answer | Asked in Estate Planning and Banking for Wisconsin on
Q: What do I do with a Living Trust that I am named in, forwarded to me from a family member in 2023. My Uncle passed away

In 2012. I had no idea he named me in his Trust!

James L. Arrasmith
PREMIUM
James L. Arrasmith pro label Lawyers, want to be a Justia Connect Pro too? Learn more ›
answered on Apr 21, 2024

If you have been named in your late Uncle's Living Trust, which was forwarded to you by a family member in 2023, there are several steps you should take:

1. Read the Trust document carefully to understand your role and the assets you are entitled to receive.

2. Contact the...
View More

1 Answer | Asked in Banking and Business Law for Wisconsin on
Q: Can my friend trade stocks and give me a split of the profit, if I gave him advice, but my dad works on wallstreet.

in longer form i am wondering if my friend using his money can trade stocks based on advice that I give him and give me a split of the profit. The reason I don't know if this is legal is because my father working at a Hegde fund and therefore my ability to trade stocks is highly regulated and... View More

David H. Relkin
David H. Relkin
answered on Mar 20, 2023

This is not the kind of question that can be answered publically.

1 Answer | Asked in Banking for Wisconsin on
Q: My boyfriend cashed an insurance check that was made out to he AND I. Is that legal? We live in Wisconsin.

It was a car accident that totalled our car. His name on title, we were both insured. Am I entitled to some of that? We lived together for 14 years. Everything got put in his name. I also contributed to the purchase of the house. We have separated since the accident.

Ana Maria Del Valle-Aguilera
Ana Maria Del Valle-Aguilera
answered on Sep 4, 2020

If the check was made payable to both of you and the word "AND" was between both names, there is no question that the check was made payable to both and both signatures should be required. There might be some exceptions. For example, if you had a joint bank account and the terms and... View More

1 Answer | Asked in Consumer Law and Banking for Wisconsin on
Q: I'm having consumer protection issues

I filed a report with Federal Consumer Protection Bureau

Nathan DeLadurantey
Nathan DeLadurantey
answered on Mar 26, 2020

I would need more details to be able to assist you. I recommend looking for a consumer lawyer that offers free consultations and calling them up for advice.

1 Answer | Asked in Banking, Contracts, Consumer Law and Real Estate Law for Wisconsin on
Q: Home purchase: Can another person/name be added to title at closing?

Buying house, he is on the loan and I am not. The bank just said I cannot be put on the title because we are not married? Is this law or policy? Thank you!

Thomas B. Burton
Thomas B. Burton
answered on Dec 4, 2019

If two parties are not legally married, I do not recommend jointly owning property with someone who is also not liable for the mortgage on the property. Once you are married, your husband can add you to the title, if he wishes via deed. In Wisconsin we have a special form of ownership where married... View More

2 Answers | Asked in Real Estate Law and Banking for Wisconsin on
Q: What rights does the seller's bank have in a short sale and can they make their own terms that go outside a written cont

We just closed on a house on April 26th and the seller's bank 2 hours before closing told us we needed to pay an outstanding lien or they would walk. Our closing disclosure 3 days before never said anything about paying this additional 1874.75 fee. Can we go back to the bank to get our money back?

Jason Anthony Greller
Jason Anthony Greller
answered on May 6, 2019

In a short sale the seller's bank has significant leverage. Essentially, they can dictate terms to release their lien and those terms may go beyond the agreement between the buyer and seller. Your question does not provide information on the type of lien the bank wanted satisfied or why they... View More

View More Answers

1 Answer | Asked in Consumer Law and Banking for Wisconsin on
Q: I received a check from Computershare/kcc Clark vs Gannett co. Inc

seems to be a class action settlement but I don't recall filing a claim, is it a scam or legit? Case no 16-CH-06603. Everything I could find about this class action settlement is dated in 2016 or 2017 so I'm not sure why I received a check today (04/22/2019)

Bruce Alexander Minnick
Bruce Alexander Minnick
answered on Apr 23, 2019

Despite what you have been reading about, and hearing on the radio and TV, or talking about with friends down at the local pub, not everything strange that is happening to good people is a "scam." Unless the class action distribution check you received is for several hundred thousand... View More

Justia Ask a Lawyer is a forum for consumers to get answers to basic legal questions. Any information sent through Justia Ask a Lawyer is not secure and is done so on a non-confidential basis only.

The use of this website to ask questions or receive answers does not create an attorney–client relationship between you and Justia, or between you and any attorney who receives your information or responds to your questions, nor is it intended to create such a relationship. Additionally, no responses on this forum constitute legal advice, which must be tailored to the specific circumstances of each case. You should not act upon information provided in Justia Ask a Lawyer without seeking professional counsel from an attorney admitted or authorized to practice in your jurisdiction. Justia assumes no responsibility to any person who relies on information contained on or received through this site and disclaims all liability in respect to such information.

Justia cannot guarantee that the information on this website (including any legal information provided by an attorney through this service) is accurate, complete, or up-to-date. While we intend to make every attempt to keep the information on this site current, the owners of and contributors to this site make no claims, promises or guarantees about the accuracy, completeness or adequacy of the information contained in or linked to from this site.