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Nevada Banking Questions & Answers
1 Answer | Asked in Banking for Nevada on
Q: My Bank (Chase) made a wire to some unknown out of my account. Without my authorization.

I found out the next day when I went online to pay my bills. I saw that I had a negative amount. I contacted the bank immediately and was told to call back in the morning when they opened up??. I did and the conversation got hot real fast. The amount is over 90k. Which wiped me out and caused me to... View More

James L. Arrasmith
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answered on Feb 5, 2024

I'm sorry to hear this happened. A bank making an unauthorized 90k wire transfer from a customer's account is a very serious matter. Here are the steps I would recommend you take:

1. Document everything. Keep detailed written records of all your interactions with the bank...
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1 Answer | Asked in Banking for Nevada on
Q: Do I have to continue paying a credit line loan if the bank no longer has the original signed documents?

I took out a credit line on a business over 20 years ago, that business is now closed. The bank at some point converted the account into my personal name and they have raised the interest rate 3 times what the original rate was. They cannot produce the original signed documents which I requested... View More

James L. Arrasmith
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answered on Nov 12, 2023

In Nevada, the obligation to repay a loan typically does not depend on the lender's ability to produce the original signed documents. Even if the bank cannot produce these documents, your responsibility to repay the loan generally remains, especially if there is other evidence of the debt,... View More

1 Answer | Asked in Banking for Nevada on
Q: I had an account with fidelity my uncle gave me a check it was an overpayment for his car payment I deposited it into my

Account they gave me $500 but then another bank of mine was taking money so I told them not to let them will they freeze my fidelity account and now there's $800 in the account identity has closed my account and will not give me my money without a medallion notary I cannot get a medallion... View More

T. Augustus Claus
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answered on Oct 5, 2023

In situations where a bank like Fidelity requires a medallion signature guarantee, it's typically for added security in certain financial transactions. If Fidelity won't release your funds without this guarantee, consider the following steps: First, gather all relevant documentation and... View More

1 Answer | 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?

T. Augustus Claus
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answered on Oct 4, 2023

In Nevada, businesses often use releases or waivers to protect themselves from potential future claims or lawsuits. It's not uncommon for a business to request a customer to sign a release of claims when processing a refund, especially if there's a potential for a dispute or claim. By... View More

1 Answer | Asked in Estate Planning, Probate and Banking for Nevada on
Q: cash a check from a loved one who passed?

My brother became sick and he wrote me a check for $30000 i deposited it to my account but it was denied due to funds not being in checking so he transfered funds and wrote me another check i deposited it then he died the check was denied for an unknown reason my account was froze then closed due... View More

Lee Drizin
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Lee Drizin
answered on Feb 9, 2023

Sorry to hear about the loss of your brother. In the event his estate consisted solely of the bank account and it was under $25,000, then you would be able to access the account through the use of Nevada's Small Estate Affidavit. Unfortunately, due to the amount involved, this will not be... View More

1 Answer | Asked in Personal Injury and Banking for Nevada on
Q: This is what happened to me. My bank gave out my balances that resulted in 90k taken from my bank. They even called me

That they were aware they made the mistake and were investigating. Never heard back from them. I guess there was a judgment in a civil case that I was completely unaware of.. I mean nothing. They didn't show that I was served, called or anything. Now they did have a curior say that he... View More

Tim Akpinar
Tim Akpinar
answered on Dec 6, 2021

A Nevada attorney could advise best, but your question remains open for two weeks. Since this involves a judgment, a collections attorney would probably have better insight here than a personal injury attorney. There's no guarantee all posts are ultimately picked up, but you could repost and... View More

1 Answer | Asked in Banking, Collections, Identity Theft and Social Security for Nevada on
Q: Credit report account made but not by me?

So I go to credit karma to make acc. They tell me a acc already made with a email. And told me what email. My biological fathers. And so on. Apparently goes on it everyday? Why? My credit. I’m 25. I am mentally disable. Growing up. I guess as a aunt said. He used me for debt. Wells Fargo credit... View More

Susan Michele Schaefer
Susan Michele Schaefer
answered on Aug 30, 2021

If someone has misused your Social Security number or other personal information to create credit or other problems for you, then you need to take action right away. Go to IdentityTheft.gov - it is a website managed by the Federal Trade Commission (FTC) - and they will help you with a recovery... View More

1 Answer | Asked in Bankruptcy, Banking, Collections and Gov & Administrative Law for Nevada on
Q: I'm filing for bankruptcy own my house my niece is living in it while I live with my mother. Can they seize my house?

I live in my mother's house to take care of her, so I let my niece live in my house.

Timothy Denison
Timothy Denison
answered on Mar 25, 2021

These questions need to be answered by your bankruptcy attorney after he has reviewed your finances.

1 Answer | Asked in Banking, Business Formation, Business Law and Collections for Nevada on
Q: Is there a lawyer that can assist with a pay day loan / hard money loan startup?

Need help obtaining a 604a license and any other items needed for the startup

Tim Akpinar
Tim Akpinar
answered on Mar 4, 2021

A Nevada attorney could assist best, but your question remains open for a month. Given the Q & A format of this board, it could be difficult for a law firm to come forth and offer their services like in an attorney referral site. At this point, you could reach out to attorneys. There's a... View More

1 Answer | Asked in Banking, Business Law and Consumer Law for Nevada on
Q: Can we use words such as depositor, CD, Money Market with an investment account if we aren't a bank?

Can w use words such as depositor, CD, Money Market with an investment account if we aren't a bank? Our service. this investment account is very similar to a savings account in that you put your money in and you can take it out with very short notice, and you get a fixed return. It is an... View More

Bruce Alexander Minnick
Bruce Alexander Minnick
answered on Mar 3, 2020

The last time I looked, the unauthorized use of any of the financial terms you asked about, as well as many other banking, financial and investment terms, is prohibited in every state of the United States. It this were not the case you would see hundreds of thousands of small businesses offering... View More

1 Answer | Asked in Banking for Nevada on
Q: I opened a capital one 360 checking account. I loaded 3 checks 2 did not clear but the 3rd one has. Can not access fund

Funds have been in my available and current balance for 3 weeks now I have never taken any money out of this account they say there going to close it but it could take up to 3 years for a check to be returned and they wont let me access my money

Bruce Alexander Minnick
Bruce Alexander Minnick
answered on Jun 12, 2019

Most commercial banks have an old saying they teach all tellers to rely upon: "Know your depositor." This wise advice also applies to regular people who open new accounts in the high-tech world of today--where fraudulent checks are now everywhere. Why would you expect Capital One to give... View More

1 Answer | Asked in Consumer Law, Contracts and Banking for Nevada on
Q: I am a Nevada resident & I have a high interest loan from Netcredit.com, do they need to be licensed in Nevada to lend?

If I check their website for Nevada loans, https://www.netcredit.com/rates-and-terms/nevada

I receive a message stating "Unfortunately, personal loans through NetCredit are not currently available in your state.

We are working hard to provide access to fast, trustworthy credit... View More

Bruce Alexander Minnick
Bruce Alexander Minnick
answered on May 28, 2019

There is a big difference between borrowing from a lender not authorized to make loans in Nevada and repaying a loan to a lender that is not authorized to make loans in Nevada.

Reading between the lines here tells me that

(1) you have been obligated to repay this (terrible) loan...
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