Section 15-702 - Offsets against consumer debts prohibited. - Maryland Statutes

§ 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.]