Bank "Setoffs"
“A bank has an equitable right to set off a matured debt, owed the bank by a depositor, against funds in the customer’s demand deposit account.” This principle is the basis for understanding Bank Setoffs. In plain English, this means…
“A bank has an equitable right to set off a matured debt, owed the bank by a depositor, against funds in the customer’s demand deposit account.” This principle is the basis for understanding Bank Setoffs. In plain English, this means…
As attorneys, and as members of our communities, we feel that it is important that all people have access to legal resources. One issue has been that many folks simply do not know what to do, or who to contact, should…