New California Bank Levy Law
With each New Year comes a bumper crop of new laws on the books, numerous of which you’ll never hear about. Our job as licensed Orange County process servers is to keep our customers abreast of any new laws which could influence them, their cases or their sensitive legal papers. The major law concerning our clients this year is California Assembly Bill 2364.
California Assembly Bill 2364
The law, which took effect January 1, 2013, regulates the service of particular legal procedures against deposit accounts, safe deposit boxes and individual homes held by big California monetary establishments. What does this mean for you?
It generally suggests if you require a bank levy, writ of execution, or some various other judgment collection served, it will have to be served to a centralized location marked by Bank of America with the California Department of Financial Institutions. Refraining from doing so will render your service invalid. If you do not live near the centralized Bank of America facility, the only way you can have your notice of levy served is through a certified process server or the regional Sheriff, but the sheriff’s office has major delays and is backed up for in some cases 3 months or even more.
If you attempt to deliver the records to the particular establishment that handles the account in question, your package will be neglected, and possibly even worse, expired. Now that Bank of America has designated its centralized location for the service of civil levies, savings account garnishments, attachments and various other legal procedure, you need to follow the proper protocol to guarantee your judgment collection moves forward and you start obtaining repayments.
For added details relating to the brand 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 centralized facility, give a price and delivery time quote 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 2 months behind in delivering notices of levy and are hardly friendly about doing this. Our Orange County process servers are fast, friendly and make numerous trips to the centralized Bank of America facility every day.
Give us a call today and we’ll deliver yours, as well!