§ 15–702
Statutes in effect as of October 1, 2026.
Md. Code Ann., Com. Law § 15-702 (2026)
Title 15. Debt Collection -- Special Provisions
Subtitle 7. Offsets
§ 15–702LinkCopy Citation
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.