Common use of Legal Process Against Account Clause in Contracts

Legal Process Against Account. If legal action such as a tax levy, attachment, garnishment, etc. is brought against your account, the Credit Union may refuse to pay out any money from your account until the dispute is resolved. If your account is attached, garnished or otherwise subject to levy by lawful legal action, the Credit Union will not be liable to you for any sums it may be required to pay because of such attachment, garnishment or other levy, even if paying the money from your account leaves insufficient funds to pay a check you have written. If the Credit Union incurs any expenses, including without limitation, reasonable attorney fees, in responding to an attachment, garnishment or other levy that is not otherwise reimbursed, it may charge such expenses to your account without prior notice to you. Any garnishment or other levy against your account is subject to the Credit Union’s right of setoff and security interest.

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Legal Process Against Account. If legal action such as a tax levy, attachment, garnishment, etc. is brought against your account, the Credit Union may refuse to pay out any money from your account until the dispute is resolved. If your account is attached, garnished or otherwise subject to levy by lawful legal action, the Credit Union will not be liable to you for any sums it may be required to pay because of such attachment, garnishment or other levy, even if paying the money from your account leaves insufficient funds to pay a check you have written. If the Credit Union incurs any expenses, including without limitation, reasonable attorney fees, in responding to an attachment, garnishment or other levy that is not otherwise reimbursed, it may charge such expenses suchexpenses to your account without prior notice to you. Any garnishment or other levy against your account is subject to the Credit Union’s right of setoff and security interest.