20 Days
Source:
سرايا الإخبارية
Bank ordered to pay 30,000 dinars to borrower
The Court of Cassation issued a final, definitive ruling upholding a judgment that obligates a bank to pay approximately 30,219 Jordanian dinars to the borrower, in addition to legal fees and interest. This case concerns the borrower's rights and his relationship with the bank regarding the funds in his account. The court confirmed that the bank does not have the right to automatically deduct or seize the borrower's funds from his account unless legal conditions are met. Furthermore, the bank is not permitted to prevent the borrower from disposing of his funds if they are deposited in the account and are not collateral for the loan. This ruling is considered a significant precedent, as it establishes clear boundaries for banks' authority in handling borrowers' funds, especially when the debt is not due for repayment.
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