New California Bill Changes Bank Levy Laws

New California Bank Levy Law

bank of america building - los angeles process servers (867) 754-0520 - bank leviesWith each New Year comes a laundry list of new laws on the books, numerous of which you’ll never hear about. Our task as registered Los Angeles process servers is to keep our customers abreast of any new laws which might affect them, their cases or their delicate legal papers. The major law worrying our clients this year is California Assembly Bill 2364.

The statute, which took effect January 1, 2013, governs the service of certain legal procedures against deposit accounts, safe deposit boxes and personal homes held by the largest California financial institutions. Exactly what does this mean for you?

It basically means if you require a bank levy, writ of execution, or some other judgment collection served, it will should be served to a centralized location designated by Bank of America through the California Department of Financial Institutions. Refraining from doing so will render your service void. If you do not live near the central Bank of America center, the only way you could have your notice of levy served is with a qualified process server or the regional Sheriff, however the sheriff’s office has major delays and is backed up for occasionally 3 months or even more.

If you try to serve the documents to the specific establishment that maintains the account in question, your package will be disregarded, and potentially even worse, ended. Now that Bank of America has designated its centralized facility for the service of civil levies, checking account garnishments, attachments and various other legal procedure, you must follow the appropriate process to ensure your judgment collection progresses and you begin obtaining repayments.

For additional information relating to the new California bank levy laws or if you require a bank levy executed in California, please give JPL Process Service a call at (866) 754-0520. We can provide you with the hours of operation for Bank of America’s designated facility, give a rate and delivery time estimate and even answer your concerns to get you headed in the right direction.

Do not let your judgment collection lapse or get sent back to court, costing you extra time, money and energy. L.A. Sheriffs are a minimum of two months behind in providing notices of levy and are barely friendly about doing this. Our Los Angeles process servers are fast, friendly and make several stops to the designated Bank of America facility every day.

Give us a call today and we’ll serve yours, as well!

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Category: Court Services, Unlawful Detainers

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Our San Bernardino process servers are licensed, registered, insured and experienced in handling your process services right. Give us a try today and save $25. Call (866) 754-0520 for full details or to get started.

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