Legal Question in Consumer Law in California

I DEPOSIT A THIRD PARTY CHECK INTO MY "LIQUID" ACCOUNT AT CHASE OF CA. AT THE ATM THE FUNDS WERE PUT ON A 21 DAY HOLD. AFTER INQUIRING ABOUT THE ISSUE;

I WAS TOLD I NEED TO BRING THE OWNER OF THE CHECK INTO A BRANCH WITH TWO PIECES OF ID, HOWEVER THE BANKER WAS SATISFIED, (BUT THE banker ON THE PHONE WAS NOT)

I INFORMED the BANKER THAT HE (THE CHECK OWNER) DID NOT HAVE ANY ID AND THATS WHY I DEPOSITED IT. BEFORE THE CHECK OWNER CAN GET THE DOCUMENTS, CHASE CLOSED MY ACCOUNT.

I WAS INFORMED BY A SPECIALIST THAT THE FUNDS WILL REMAIN AT THE BANK FOR AS LONGS AS IT TAKE FOR THE CHECK OWNER TO BRING IN DOCUMENTS. (IN SO MANY WORDS IF THE CHECK OWNER NERVER BRING HIS ID IN HE WILL NEVER GET THAT MONEY even after the account is closed.

IS THIS LEGAL????????

OR

IS THERE ANYTHING HE CAN DO?

1 Answer from Attorneys

Related Questions & Answers

More Consumer Law questions and answers in California

Looking for something else?