Bank Of America Legal Order Processing
Call 213-580-0702 to speak with a representative to check on the status (follow the instructions to reach Attorney/Garnishment/Speak to a Representative). USE ONE OF THE FOLLOWING OPTIONS FOR PROPER SERVICE OF A NEW CIVIL SUBPOENA: Personally assist customers at any Bank of America branch.
To follow up on the status, you can call 213-580-0702 to speak to a representative (follow the prompts to get to Attorney/Garnishment/Speak to a Representative). If the bank is required to make a change to your account due to a court order, legal action, or other reasons, they will charge you legal processing fees.
Here’s a general rule of thumb:
You will be charged a fee if the bank’s legal team has to review your account or court order.
This fee may be charged if you are subject to wage garnishment or child support.
This article will provide all the information you need about legal processing fees.
Why do banks charge legal processing fees?
Banks charge legal processing fees when they need to investigate an account based on a court order.
Your bank must not immediately release your money or information if it receives the order. Instead, it will verify that the order is legal and binding.
Banks have an interest in keeping your money in their accounts.
They want you to be happy as a customer and your account balances to remain high. In addition, they want to be sure they don’t get defrauded by someone trying to steal their money.
The bank employs a team of legal experts to ensure that any court order received by the bank is valid.
These experts examine any legal orders the bank received and determine whether they are valid and, if not, whether they can be enforced.
Legal advice is not cheap, as anyone who has ever worked with a lawyer knows.
For their services, the bank must pay their legal team. The bank can charge customers a legal processing fee to cover the costs of reviewing legal orders related to their accounts.
These fees can be charged regardless of whether funds are removed from your bank account. The legal team at the bank reviewed your account and determined that your money was not being moved. This means that the cost of this service is still incurred.
Legal processing fees typically range between $75 and $125. However, the cost can vary depending on state regulations.
What are the Legal Processing Fees?
Legal processing fees will be charged when a court orders a bank to review or act on your account.
This could be anything, from responding to a subpoena to your bank records to the IRS garnishing your wages to pay back taxes.
Here are some examples of legal processing fees that may be charged:
- Tax liens
- Support for children
- Wage garnishment
Is it possible to get the fee waived?
Legal processing fees are often expensive and can apply to those who don’t have much money.
You might be unable to pay $100 for legal processing fees if you deal with unpaid child support or wage garnishment.
Although you can try to negotiate with your bank to waive the fee, there’s no guarantee it will happen.
Banks usually resist waiving the fee because they have already paid for the legal team’s review of your account. This applies regardless if it takes any action based on that review.
Reach out to your bank to see if you can get the fee waived. Ask your bank if they are willing to waive the fee.
While being polite is good, don’t be afraid to present supporting arguments to the bank for removing the fee.
You may be able to help if you are a loyal customer or have a substantial balance.
If you have been charged a legal processing charge and aren’t sure why you should contact your bank immediately.
The bank could have charged your account the fee accidentally or have reviewed your account by mistake after receiving a legal order regarding another person’s account.
It can waive the fee if the bank reviews your account in error. The bank should be notified of the error and waive the fee.
It is possible to waive the fee if the bank performed a legal review for legitimate reasons.
However, it’s not a bad idea to ask the bank if they can lower or waive the fee. The worst thing that could happen is for the bank to say no.
If you’ve recently lost your job or are trying to improve your credit score, you might wonder what your legal options are if Bank of America refuses to hand over your records. Well, that depends on how you view the company’s business model. Banks are for-profit companies that need to make money to cover overhead expenses and pay shareholders. So obviously, they’ll be slow to compile all your records if they have to spend time compiling them.
Getting a free copy of your credit report
One of the ways to get a copy of your credit report is by contacting the company involved. The company will happily provide you with a copy of your report for free. However, there are some things you should know before requesting your free copy. First, banks may not always disclose all the information on their reports. Even if they do, they may not be sincere. If you have received an adverse action notice, there is a chance you will qualify for a free copy of your report. Among these situations are, changes in insurance coverage or credit terms, employment, license, or government benefits. Additionally, if your report is inaccurate, you have likely been a victim of fraud.
To obtain a free copy of your credit report, you should contact a company called Experian. These companies will perform two kinds of checks on your credit history. The first type of inquiry will temporarily lower your score; the second won’t. This is important if you plan to make a significant purchase. After all, repairing your credit can take several months.
Once you’ve decided to get a copy of your credit report, you may need to pay a small fee to the bank. Banks must provide these records if you’re involved in a legal case. Whether your legal case involves a civil or criminal case, the bank must provide the information you seek.
The Federal Fair Credit Reporting Act has allowed consumers to obtain a free copy of their credit report once per year. These reports are compiled by three major credit reporting companies – Experian, Equifax, and TransUnion. These companies collect and maintain records of all accounts opened in your name and your current balance. They also record any inquiries about your credit.