On deposit accounts with an authorized signature (not a joint account), can the authorized signature be held liable for overdrafts and can the bank serve a garnishment on the account for the authorized signer? Also, does the authorization cease at the death of the owner?
I received a garnishment for John Smith DBA Smith Construction. Smith Construction is actually a corporation. Can a corporation be garnished? Is this garnishment effective against the corporation's account?
What action do we take if we are holding a garnishment during the 10-day period, and we receive notification that a hearing has been scheduled in 15 days? Are we to hold the garnishment pending the outcome of the hearing, or do we process the garnishment as usual?
I was wondering if we are to hold the amount of the garnishment or the balance in the account at the time of receiving the order.
If a customer used their SSN for a trust, should the funds in the trust be applied against a lien or garnishment listing the customer and his/her SSN?
We received a garnishment on one of our customers. The customer has a CD and a loan with our bank. The CD secures the loan. The CD amount is in excess of the loan balance. Do we acknowledge to the court that we are holding excess funds?
Can you give any direction on how to handle a "Writ of Execution" AND "Interrogatories in Attatchment". The interrogatories need to be answered within 20 days, but the Writ is asking for garnishment. We also have a loan that is delinquent. We have the right of offset. Do I disclose the balance in the account, less the delinquent payment?