Bank will not release insurance check

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kafa528

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I live in NC, and back in 2006 my car suffered hail damage. At the time I had a lien on the car so when my insurance company made the check, it was made to me and the bank. The bank informed me it would be best if I deposited the check in my savings with a hold on the funds pending repairs. Since then I had paid the car off and now have title in hand, yet the bank will not release the funds until I have the car repaired. Are they allowed to do this even though they no longer have interest in the vehicle? They want repairs first which I can't afford out of pocket.:confused:
 
I agree. They can't hold the money and you do not have to repair the vehicle. If they won't budge sue them in small claims.
 
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