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Category: Banking and Lending


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Loan Workouts May Be in the Interest of Both Lender and Borrower

May 13, 2016 Banking and Lending

While there are a number of variations on the old saying, it still rings true: “If you owe your bank manager a thousand dollars, you are at her mercy. If you owe her a million dollars, she is at...

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What is a secured transaction?

Aug 6, 2014 Banking and Lending

A secured transaction is a loan or other credit transaction where the lender acquires a security interest in collateral that is owned by the borrower. The lender is entitled to foreclose on, or repossess, that collateral if the borrower...

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Tacoma Billing Dispute Lawyers

Jul 18, 2014 Banking and Lending

What if my credit card or personal line of credit is involved in a billing dispute? Can the bank apply late fees and interest while this is being investigated? In most cases, if you have submitted a proper billing...

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Are there exceptions to the funds availability (hold) schedule?

Mar 21, 2014 Banking and Lending

Yes. There are six exceptions that allow banks to exceed the maximum hold periods in the availability schedules. The exceptions are: 1. checks deposited to new accounts; 2. large deposits ($5,000 or more in checks in any one day);...

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I just received my account statement and noticed there were forged checks. When I notified the bank, it claimed the forgeries were due to my negligence. What can I do?

Feb 24, 2014 Banking and Lending

Generally, national banks are required to reimburse customers for forged checks. However, based on individual circumstances, the bank can investigate to determine if the customer is entitled to a reimbursement. Bank Responsibilities Whether the bank is responsible for the...

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I deposited checks that turned out were fraudulent and did not clear. The bank took the money from account and then closed my account. Can they do this?

Dec 30, 2013 Banking and Lending

Depending on the circumstances, you could be responsible for the fraudulent checks deposited into your account. If the funds were credited to your account, the bank could reverse the credit to your account if the check is determined to...

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I paid off my mortgage but was charged a high prepayment penalty. What can I do?

Dec 27, 2013 Banking and Lending

Your loan agreement is the contract between you and your bank, and the loan agreement will specify whether or not there is a prepayment penalty for paying off your loan earlier. You should review your loan agreement to determine...

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Can I cancel credit protection on my bank loan?

Dec 9, 2013 Banking and Lending

Generally, you should be able to cancel the credit protection on your loan. But, your account agreement will outline any specific requirements or penalties for canceling this feature. You should review your account agreement and then contact your bank....

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I am trying to get the payoff amount on a loan, but the bank won’t give it to me. What can I do?

Nov 25, 2013 Banking and Lending

You need to make sure that you are contacting the correct person at the bank that would have this information. Contact the bank’s loan department to obtain this information. Attorney at Law Blado Kiger Bolan, Tacoma, Wash.

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When my mother died, her bank transferred all of the funds in her account to my brother, even though my brother and I are to share equally under my mother’s Will. Can the bank do this?

Jun 17, 2013 Banking and Lending

In Washington, the bank may lawfully pay funds to the survivor of an account held jointly with rights of survivorship or to the individual named as a pay on death beneficiary in the contract of deposit. If your brother...

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