State Codes and Statutes
Statutes > Maryland > Commercial-law > Title-15 > Subtitle-7 > 15-702§ 15-702. Offsets against consumer debts prohibited.
For the purposes of this article, a bank or financial institution may not offset any property in its possession or money from a customer's savings or checking account for the settlement of a delinquent consumer debt unless:
(1) The offset is authorized in writing by the customer; or
(2) A court order is obtained to permit the offset.
[1975, ch. 218.]
