Legal Question in Banking Law in Texas

Can my bank hold my car title after it is paid off because of overdrafts?

Asked on 2/11/13, 3:41 pm

1 Answer from Attorneys

Mark Dunn Mark D. Dunn

Yes (almost certainly .... I haven't read your promissory note). It is typical for banks to "cross-collateralize" loans, and there is probably some small print in your paperwork that allows them to do what they did.

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Answered on 2/12/13, 5:22 pm

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