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In New York State does a car loan company have the right after a car has been repossessed to freeze and over draft your bank account?

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Wiki User
2006-06-13 03:38:18
2006-06-13 03:38:18

You need to read your loan agreement very carefully you may have given them that right.

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can the state of Indiana freeze your checking account without letting you know? who would I contact in the state of Indiana gov.about this?Answercan the state of Indiana freeze your checking account without letting you know? who would I contact in the state of Indiana gov.about this?

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no the only thing they can do is take it out of your paycheck. Even In New York State

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No, only a court can do that. However, the state could apply to a court to do this.

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it depend on case. some are varity. for example. If you got from Court order freeze your checking account for Bankruptcy filing they can freeze until you paid in full then they will unfreeze your account. I hope this help.

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Yes, your car can be repossessed. I ship cars for a company that repossesses cars out of state all the time.

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In the state of North Carolina, it is very hard to seize a bank account. When an account is joint, it can not be seized unless the debt is the debt of both parties.

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Susan, what state are you in?? Who was the lender?? Laws vary by state. Email if you need too. Thanks

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No. No creditor has the right to freeze bank accounts in ANY state. Only the court has the right to rule that an account should be frozen.

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If you reside in a community property state it can be seized. If you have deposited any of your money into the account it can be seized. The best thing to do is to have separate accounts.

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You had better check with the laws for your state -- in my state ( fl ) there is a comingling statute which means that if there are any other monies deposited into the account it can be frozen and garnished. and you have to show where the money came from. Google ( your state ) statutes on bank account freeze and garnisheement No. Both of the benefits are 100% exempt from creditor action. If however a lawsuit is initiated concerning the debt, it must be defended. Meaning the defendant (or their representative) needs to inform the court of all exempt property. Under state laws there are many exemptions available to the consumer to protect real and personal property.

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From experience (as far as I know), if you are a joint holder of the frozen bank account, yes, they can garnish, but check your state statues because you may be exempt from garnishment.

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It's legal if they have received a writ of judgment and the state laws allow said writ to be executed as a bank account levy. In some cases the judge will freeze an account before the trial, if it is suspected the defendant may try to move the funds.

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When you pay your taxes to the state, you have an account number that identifies your company. When you pay, the amount is credited to the employer's account. It's the same as paying your taxes using a Social Security number.

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Sernior account manager for what industry, in what state, for what size company; and how many years of experience does the account manager have? What is the educational backgroup of the account manager?

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Yes, your car can be repossessed in any state if your contract was signed in Chicago. You can not move to a different state and keep your car without paying for it.

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No, unless the debit card is connected to a joint account with you. In that case the state can freeze the account to pay child support arrears.

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It varies from state to state. Generally speaking, until such time as the judgment regarding the funds in question is made. IANAL.

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READ your CONTRACT. IF the contract is in DEFAULT, the collateral CAN be repossessed.

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Yes. It can be picked up anywhere.

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It depends on the laws in your state.

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What would you like to do?? Does your state require a lic. and bond?? IF NOT, so what? If so, call an attorney ASAP.

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READ your contract you signed. Call a local attorney for state specific legal advice.

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A car can be repossessed in the state of New York if payments are late or defaulted. The only way to not get a repossessed is to make your payments on time.


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