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#94070 - 07/03/03 03:59 PM notice of levy
slloyd Offline
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Joined: May 2003
Posts: 6
If we receive a notice of levy from a state court and there is a debit card transaction holding funds at the time of receipt, are we obligated to hold the entire balance or just the available portion?? Any thoughts are appreciated...

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#94071 - 07/03/03 04:33 PM Re: notice of levy
Retired DQ Offline
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Joined: Dec 2002
Posts: 40,766
Turnpike Exit 10
Only the available amount would be subject to levy. It's similar to a check guarantee hold.
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Get your facts first, then you can distort them as you please. - Mark Twain

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#94072 - 07/03/03 07:04 PM Re: notice of levy
111 Offline
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111
Joined: Jun 2003
Posts: 484
I second that - you have a prior obligation to pay the debit card transaction, so it's excluded from the levy.

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