Legal Question in Banking Law in California
My mother is elderly and for 2 months she recieved someone else's direct deposit in her account by bank error. She went in person to report the discrepancy to the Credit Union (FDIC). Unfortunately, she had spent a portion of the funds as she believed it to be her IRS tax return. The Credit Union immediately attempted to get her to sign documents to agree to repay the money----she declined and returned home. Is she responsible and liable for the Credit Union's error?
Asked on 4/19/11, 9:47 pm
1 Answer from Attorneys
She is not responsible for the error, but she is responsible for the money.
Answered on 4/20/11, 1:37 pm
Related Questions & Answers
-
My son pays his car insurance six months at a time and after six months his... Asked 4/08/11, 4:41 pm in United States California Banking Law
-
Would it not be advised for a person to do a short sale after filing a chapter 13? Asked 3/25/11, 4:44 am in United States California Banking Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
