credit union has put a hold on money in my account

[lwlb]

My jurisdiction is: AZ

I have a savings account and a car loan through my local credit union. I am late on my car payment but not more than 30 days late. The credit union has put a hold on some of the money in my savings account (the amount of one car payment) - can they legally do this?

 

[dee_dub]

Yes, it is legal for them to put a hold on funds in your account.

 

[lwlb]

<sigh> That's what I was afraid of... Thanks for the info, though.

 

[seniorjudge]

<sigh> That's what I was afraid of... Thanks for the info, though.

You agreed to it in writing; check your paperwork at the credit union.