In this subtitle the following words have the meanings indicated. “Consumer debt” means any debt arising from a transaction for consumer goods as defined in § 9-109 of this article. “Offset” means the seizure by a bank of personal property, belonging to a customer, in the bank’s possession or under its control on deposit to settle delinquent debts.

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: The offset is authorized in writing by the customer; or A court order is obtained to permit the offset.