Legal Question in Banking Law in North Carolina

crooked bank procedures

did a personal loan with no colatral ,did leave a title with no mv1 form signed back in 1998 they repoed the car 2 years later and sent no papers at all selling the car or disposing of it now they are a different bank and did an unathorized transfer from my buisness acct. to personal acct saying it was their right to setoff for the loan they have my car and took my money and they say they gave car to wrecker co. which is a lie we have a statment from them saying they took to bank. I asked for accounting as to why they took my money since the car was never listed on the note when we signed the note, they sent me another copy of a note which we never signed dated back to 2000 with the car listed on the note we signed no mv1 form just left it there for our personal banker as we had done several other times. they took the money out by transfer and i have talked to several reps at the bank and they say they were intitled to the money but what about the car they have no idea what the wrecker co. did with it is there anything i can do legally to get my money put back into my account?

I have talked to several others that this same bank has done this way. Is it legal?

Thanks in advance


Asked on 10/15/05, 11:10 pm

1 Answer from Attorneys

David Anderson Anderson Business Law LLC

Re: crooked bank procedures

The documents rule. I will need to see the loan documents and any attachments, as well as your agreement with the bank. Is the business account under a corporate name or yours personally?

Call or e-mail for further assistance.

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Answered on 10/16/05, 7:35 am


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