Share post
member profile picture
Posts: 2
Credits: 0

Can i be arrested for bank fraud if i got a payday and the payments were supposed to come out of my bank account but after 3 payments my account became overdrawn and i no longer could make payments?

What state are you in? You can not be arrested for pdl's no matter what these companies tell you. Someone will post your pdl laws for your state and advise you further.

Sub: #1 posted on Tue, 08/05/2008 - 12:20

ladybug ladybug

(Posts: 2757 | Credits: )

I am in Maryland

Sub: #2 posted on Tue, 08/05/2008 - 12:30


(Posts: 2 | Credits: )

What is the name of this pdl? Are you certain it isn't a CSO (Credit Service Organization)? CSO's do not need to be licensed, and are generally 100% legal in what they charge. I am posting the pdl laws for you, but they do not pertain to CSO's, so it's important that you provide us with the correct information. :)
Maryland State Information

Legal Status: Prohibited

Consumer loan act applies. Md. Code Ann. Com. Law II ???? 12-301 et seq.

Small Loan Rate Cap
2.75% per month; 33% per year.

Where to Complain, Get Information:
Regulator: Maryland Commissioner of Financial Regulation
Address: 500 North Calvert Street Suite 402 Baltimore MD 21202
Phone: (410) 230-6100
Fax: (410) 333-3866
Regulatory Contact: Michael Jackson Director, Regulatory Policy
Regulator????????s Website

Sub: #3 posted on Tue, 08/05/2008 - 12:46

Shazzers Shazzers
Moderators Cum Industry Expert
(Posts: 17345 | Credits: )

More information
  • Files must be less than 500 MB.
  • Allowed file types: txt pdf jpg jpeg png.

Page loaded in 0.629 seconds.