Md. Code, Commercial Law § 15-702

Md. Code, Commercial Law § 15-702
in effect
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For the purposes of this article, a bank or financial institution may not offset any property in its possession or money from a customer’s savings or checking account for the settlement of a delinquent consumer debt unless: (1) The offset is authorized in writing by the customer; or (2) A court order is obtained to permit the offset.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gcl&section=15-702&enactments=falseFetched: 10/16/2026