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A creditor can freeze bank accounts in some instances. Generally, an outside creditor that is not the government can not freeze your personal bank accounts unless they have some court order allowing this. However, if the creditor is also your bank they may have "right of offset" written into their account agreements. This gives them the right to freeze funds or use the funds to offset a delinquent loan or to force the monthly payment. THIS IS NOT THE CASE FOR real estate LOANS IN "ONE ACTION" STATES SUCH AS California. In these circumstances a lender is only allowed to do one thing against you to get repayment. If they touch your bank account they loose to option of foreclosure. The IRS may levy your account for taxes owed. The amount of time these things take depends on the situation.
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How long can a bank freeze your account in VT if you want to close it?
it will freeze for 1 hour and you will not be able to close it
How long do you need to keep your bank accounts?
1+2
How long were personal bank accounts closed after crash of 1929?
9 years
How many digits are there in IBAN Number in Germany?
iban for bank accounts in Germany are 22 characters long.
How long can a bank in Alabama freeze your account when being in Chex Systems?
Generally a bank will freeze an account for 30 days before closing the account. After that, they will report you to chexsystems where the report will remain for 5 years unless you file a dispute and attempt removal
