Consumer Protection Law
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OK. But there was other monies in the account over in excess of the $237 withdrawal. If there was a judgement, why not a levy to take everything in the account? (not that I'm complaining). I was also told by the bank that I had to wait 1-2 weeks for more info. Does this sound right?
We did contact the bank's legal department the answer received is that it was a "legal document processing fee". I am trying to understand what a DDA is and how it used as a vehicle to seize money from the account (vs. a levy which is pretty straight forward).
So, money can be taken out of the account without having gone through a formal legal process? Would a creditor be able to issue a DDA for the entire amount of the debt without a judgement?
OK. So all the money in the account was not frozen or levied, just the $237 for a "legal document processing fee" was taken. How does this make sense if CitiBank has a judgement for $6100? What question(s) should I specifically ask the bank to obtain a more informative verbal response?