Legal Question in Credit and Debt Law in Georgia
bank accounts
Can a bank take money out of your checking account without your authorization to make a payment on your loan with the same bank? The loan is secured by collateral and is 1 payment past due.
Asked on 3/26/09, 7:56 pm
2 Answers from Attorneys
Scott Riddle
Law Office of Scott B. Riddle, LLC
Re: bank accounts
You failed to tell us what your loan and account documents state -- that is what you authorized and agreed to. It is a common provision in the contracts.
Answered on 3/26/09, 7:59 pm
Glen Ashman
Ashman Law Office also dba Glen Ashman Attorney
Re: bank accounts
The answer likely is yes, and you should have the answer (it's in your loan documents).
Answered on 3/26/09, 8:33 pm
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