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Is a car loan company allowed to repossess and put a hold on your bank account then over draft it in New York?


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2007-09-26 02:35:18
2007-09-26 02:35:18

What did you sign? Do you have copies of all the paperwork you signed and that was ever associated with the loan?

They repossessed the car, and then put a hold on your account? Generally an ACH (if that's the way it was done) has to have your signed authorization to do a withdrawal, which is why it's important to know what was signed.


Related Questions

A checking account is called a "demand deposit" because it is available for transfer to another individual or company by writing a check or draft.

"Discard Draft" means deleting a Draft Message in your GMail account.

Rough Draft Brewing Company was created in 2011.

Pre-Draft you may only have 10, but you may trade for more during the draft.

The only way the drawee can get the money is by opening a bank account and then depositing the crossed demand draft into it. The purpose of crossed drafts is to ensure that the money is paid out only into a bank account. So, there is absolutely no way for you to get the money without opening up a bank account. Also, the name in your bank account must match the name on the draft, otherwise the draft will not be encashed.

Depending on how strict the bank is, they can reject a draft on account of a spelling mistake. It depends on the bank and the severity of the mistake.

A demand draft does not need a signature to be cashed. You can write to the bank manager explaining why you need them to reissue the draft and any pertinent information such as account number, amount, and names on the account.

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

A check is a type of bank draft. The Savings and Loan issued a bank draft to cover the amount. They sent a bank draft to the utility company.

A demand draft is a type of check that contains the buyers account number but not their signature. The drawee bank in a demand draft is the branch of a particular bank.


draft email particularly means drafting or writing an email which is of course an old word derived from "draft a letter". email draft means, an email written and saved in drafts folder of the mail account to send it later.

The Selective Service Act enabled the first draft in America.

The bank cannot do that. Any customer of the bank who wants to deposit a bank draft into their account can do that. A bank cannot refuse to accept a customer's draft for deposit. You have the right to deposit it with any bank that you have an account with (unless it is a fake draft).

Banks offer many different types of accounts to its customers. Some of them are:Savings AccountChecking AccountLoan AccountFixed Deposit AccountRecurring Deposit AccountOver-Draft AccountCredit Card AccountEtc.

To acquire a bank draft, you first need the funds to be already in the account, as they are set aside when the draft is written. You may also need some form of proof as to your identity.

Drafting of bank accountThe IRS and if there is a judgment due to a lawsuit a "freeze" can be put on.

Demand Draft is used by individuals to make transfer payments from one bank account to another. Demand Drafts are marketed as a relatively secure way of cashing checks. The difference between a Demand Draft and a Normal Draft is that a Demand Draft do not require a signature in order to be cashed.

They paid another person to take their place.

You can only do this before the draft. First 'log in' and then, if you are commissioner then you will be allowed to edit league settings. Change your draft-type and you will be done. NOTE: In the new updated ESPN fantasy baseball, changing your draft choice is disabled.

When a homeowner has damages that occur to the home due to a natural disaster or other mishaps such as a fire or hail. The homeowner makes a claim with their insurance company. The insurance company will include the mortgage companies name on the check due to the mortgage companies vested interest in the property. If certain criteria are met, the mortgage company will "monitor" or supervise the repairs on the home to make sure that the repairs are done correctly and in a timely manner. The mortgage company will ask the borrower to endorse the claim check and send it in to the Loss Draft Department. The check will then be held in an escrow account. After certain criteria are met the mortgage company will start to disperse the claim check in portions so that that the repairs can be done. These portions are called loss draft checks or loss draft draws.

You just have to click on the draft. Then put the content what you want to put. Sending the mail would delete it from drafts.

Old enough to get a bank account. If you withdraw more money than you have, no matter your age, you will get an overdraft.

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