Legal Question in Credit and Debt Law in Missouri

Isn't it illegal for a creditor to take money from a student's bank account that consists entirely of student loan and grant money? Wouldn't a letter to the bank to this effect be sufficient in terms of protecting this money? The student is in Missouri and the bank is in Missouri.


Asked on 8/06/09, 1:32 am

1 Answer from Attorneys
Anthony Smith LawSmith

Absent other criteria, a creditor may execute on a bank account that contains the proceeds from depositing a student loan check.

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Answered on 8/06/09, 5:09 pm


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