Legal Question in Credit and Debt Law in Pennsylvania

Right of Set Off and Loan

I have a balance on a car loan. The bank bought the bank I currently bank with and used a right of set off to take $2500 out of my joint account with my wife, whose name was not on the loan. Is this legal?


Asked on 3/31/05, 5:31 pm

1 Answer from Attorneys
Mark Johns Mark Johns, Esquire

Re: Right of Set Off and Loan

Your wife may have a cause of action. Generally banks do have the right of set-off, but your wife who was not a party to the loan had an interest in the account. I offer free consultations.

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Answered on 3/31/05, 7:44 pm


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