Md. Code, Com. § 15-702

Current with changes from the 2024 Legislative Session

Section 15-702 - Offsets against consumer debts prohibited

For the purposes of this article, a bank or financial institution may not offset any property in its possession or money from a customer's savings or checking account for the settlement of a delinquent consumer debt unless:

(1) The offset is authorized in writing by the customer; or

(2) A court order is obtained to permit the offset.

Md. Code, CL § 15-702