Are we required to file a SAR on a customer if we receive a levy or garnishment over $5000?
When is it required to charge GRMA? Is it on all residential (1-4) property or just when recording DSD on a principal dwelling?
Can a levy attach on a personal account that has only social security for deposits? Does it change for a person if they are incarcerated in a state prison and only have social security deposits going into their account?
I received a child support enforcement levy from the state. The only account the customer has with the bank is a rent security account where they are the tenant. Are we able to comply with the levy?
We have a large borrower who has loans with R/E and cattle. We have received a IRS levy. Is there any way that the levy can come prior to our liens?
Can we place a hold on VA benefits when we received a levy?
I recently did a levy on a customers account. He is now claiming that it was Social Security deposits and we have no right to perform a levy against it. Once it is in an account though, how can we distinguish the difference. Please advise what we are supposed to do?
Question: If a branch office is served with a Notice of Levy Under Writ of Execution (Money Judgment) and the account is not held at that branch, does the levy have to be enforce
by Mary Beth Guard, Esq.
LEVY OR ATTACHMENT? You Can Take This, But DON'T TOUCH THAT!
Financial institutions that levy an ATM surcharge have yet another court case that concerns them.