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Placing Hold On Current Accounts As Collateral
Is it lawful for the bank to place a hold on a current account for an amount equal to a debt that is either owed by the account holder himself or guaranteed through an agency for another?
It is lawful to put a hold on a current account for debt owed by the client since in this way the client is considered to have honoured it by means of a deduction. It is also lawful to put a hold on the current account of a person serving as an agent on behalf of another for the purpose of honouring debt.

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