Legal Question in Credit and Debt Law in Virginia

In Oct. 2008, I removed my name from my child's credit union account because he turned 18. The account was opened as a custodial account when he was about 5yo. Anyway, in Aug. 20098, the bank placed a hold on his assets because I defaulted on my personal credit consolidation loan. What VA law gives them the right to do so?


Asked on 10/10/09, 9:57 am

1 Answer from Attorneys
Cary Moseley Law Office of Cary Powell Moseley, PLLC

The account documents you signed likely give them this power. Check the documents carefully. You can research the Virginia code online to find various law that may apply.

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Answered on 10/15/09, 10:07 am


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