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Question: Can we charge a service fee on a dormant account?
Answer: It depends. If the account is "inactive" as defined by the escheat law (i.e. no customer transaction for one year AND no communication from the borrower), the answer is NO. Texas law prohibits it. However, if the account is "dormant" as defined by the bank (e.g. no customer transaction for 90 days), then the fee could be imposed provided that it is stopped when the account is inactive for one year.
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