Card Deposit Offset Check

Live. Swept a cardholder's checking to pay the card? Reg Z 1026.12(d): offsets and holds are banned; here are the lawful routes.

Send up to 5,000 cases with the method (setoff, hold or freeze, security interest, court levy, periodic deduction, consumer request), the amount taken, whether the deposit is held by the card issuer, security-interest agreement facts and disclosure, court order, written authorization, revocation, disputed amounts deducted and hybrid prepaid deduction counts. Applies Reg Z 12 CFR 1026.12(d) and 15 U.S.C. 1666h: no offset or hold against deposits or prepaid funds with the issuer, the specifically agreed and disclosed security interest (separate signature, separate page or specific account or amount), offsets under a court order or writ, pre-authorized written periodic deductions (not for disputed amounts under 1026.13(d)(1), at most monthly for hybrid prepaid-credit cards) and debts arising after the account closed. Returns permitted / not permitted, the amount to return and cited findings. Nothing stored.

Price: $0.001 per call after 1,000 free per month.

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