Section 15-701 – Definitions
(a) In this subtitle the following words have the meanings indicated. (b) “Consumer debt” means any debt arising from a transaction for consumer goods as defined in § 9-109 of this article. (c) “Offset” means the seizure by a bank of personal property, belonging to a customer, in the bank’s possession or under its control on deposit to […]
Section 15-702 – Offsets Against Consumer Debts Prohibited
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 […]
Section 15-801 – Definitions
(a) In this subtitle the following words have the meanings indicated. (b) “Check” has the meaning provided in § 3-104(f) of this article. (c) “Dishonor” has the meaning provided in § 3-502 of this article. (d) “Drawer” has the meaning provided in § 3-103(a)(3) of this article. (e) “Holder” has the meaning provided in § 1-201(20) of this article. (f) “Holder […]
Section 15-802 – Dishonored Checks or Other Instruments
(a) When a check or other instrument has been dishonored by nonacceptance or nonpayment and has not been paid within 10 days, the holder to whom the check or other instrument was issued or negotiated may send a notice of dishonor to the maker or drawer as provided under this section. (b) If a check or other […]
Section 15-803 – Form of Notice of Dishonored Check; Contents; Criminal Penalties; Defenses; Posting of Notice of Liability
(a) A notice of dishonor sent by a holder to a maker or drawer under § 15–802 of this subtitle shall substantially comply with the following form: “NOTICE OF DISHONORED CHECK Date Name of Issuer Street Address City and State You are according to law hereby notified that a check or instrument […]
Section 15-804 – Applicability and Construction of Subtitle
(a) Notwithstanding any other provisions of this article, §§ 15-802 and 15-803 of this subtitle do not apply to any check: (1) Tendered by a maker or drawer in complete or partial satisfaction of a preexisting credit or loan obligation incurred by the maker or drawer under Title 12 of this article; or (2) That is not a […]
Section 15-603 – Duties of Employer
(a) While the attachment remains a lien, the employer/garnishee shall withhold all attachable wages payable to the judgment debtor and remit the amount withheld to the judgment creditor or his legal representative within 15 days after the close of the last pay period in each month. (b) If the employer/garnishee is served with more than one attachment […]
Section 15-213 – Certain Statutes Not Repealed
This subtitle does not repeal the law relating to: (1) Fraudulent conveyances from one spouse to the other, as provided in §§ 4-205, 4-206, and 4-301 of the Family Law Article; (2) Priorities and preferences in insolvency, as provided in Subtitle 1 of this title; or (3) Bulk transfers, as defined in Title 6 of this article.
Section 15-604 – Resignation or Dismissal of Employee
If a judgment debtor resigns or is dismissed from his employment while an attachment upon his wages is wholly or partly unsatisfied, the attachment shall lapse and no further deduction may be made unless the judgment debtor is reinstated or reemployed within 90 days of the resignation or dismissal.
Section 15-214 – Short Title
This subtitle may be cited as the Maryland Uniform Fraudulent Conveyance Act.