HOUSE BILL 218

File Code: Commercial Law - Generally

Sponsored By:

Delegates Frank, Krysiak, and Barve

Entitled:

Commercial Law - Dishonored Checks - Notice of Rights

Synopsis:

Requiring a bank to send a notice of rights and remedies to a customer when the bank sends the customer notice that a check the customer deposited has been dishonored for nonpayment; and requiring that the notice of rights and remedies be in plain English and include sufficient detail to instruct the customer on: 1) how to collect payment, and 2) how to seek damages.

Legislative History

House Action

1/18

First Reading Economic Matters

1/29

Hearing 2/8 at 1:00 p.m.

2/19

Unfavorable Report by Economic Matters

Senate Action

No Action

Sponsored by:

Delegate Robert L. Frank, District 11

Delegate Kumar P. Barve, District 17

Delegate Carolyn J. Krysiak, District 46

Bill indexed under the following Subjects:

BANKS AND TRUST COMPANIES

CHECKS

CONSUMER PROTECTION -see also- ADVTG., LABELING, WARRANTIES.

FINANCIAL INSTITUTIONS -see also- BANKS & TRUST CO, CREDIT U

NOTICES

Bill affects the following Statute:

Commercial Law

( 3-514 )

Documents:

Bill Text:

First Reading (PDF), Third Reading, Enrolled

Fiscal Note: Available (PDF)

Amendments: None available