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#1944826 - 07/23/14 07:56 PM Escheatment and Levies
Starter Offline
Platinum Poster
Joined: Aug 2004
Posts: 513
Can an account with a court levy be escheated in NJ?

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#1947060 - 07/29/14 08:05 PM Re: Escheatment and Levies Starter
joser Offline
Joined: Sep 2005
Posts: 68
You have an encumbered account. If memory serves - levies are generally good for 2 years but read the document. I found that by reaching out to the server they either - release the levy, request the funds, or extend the time period with a new one. Short answer, a levy supercedes escheatment rules - just make sure the levy is valid.

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#2024800 - 07/02/15 05:56 PM Re: Escheatment and Levies Starter
CarolCarol Offline
New Poster
Joined: May 2014
Posts: 2
What is the time frame a bank has to comply with a turn over order from the State of New Jersey Department of the Treasury Division of Taxation relative to a levy. I always thought we needed to comply upon receipt.

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