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#1361625 - 03/22/10 03:37 PM Right of Set Off
Seastar Offline
Junior Member
Joined: May 2009
Posts: 34
Is there a NYS Rule/Law/Regulation regard a bank's right to set off? Or, does anyone know if there are exempt funds? We have a customer who owes us $400 in overdraft fees. He has a direct deposit of unemployment coming in and we'd like to know if we can use his unemployment to offset his overdrafts.
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These opinions expressed are solely my own and do not reflect the opinions of my employer.

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#1400317 - 06/07/10 06:10 PM Re: Right of Set Off Seastar
Ms Auditor Offline
100 Club
Joined: Oct 2001
Posts: 148
Upstate NY
Check out New York Banking Law Section 9-g.

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