1996 Regular Session

HOUSE BILL 728

File Code: Financial Institutions
Sponsored By:
Delegates Bobo, Walkup, and Pitkin
Entitled:
Financial Institutions - New Accounts

Synopsis:

Requiring banking institutions, credit unions, and savings and loan associations to obtain information about the prior banking practices of an applicant for a new account before opening the account; prohibiting the financial institutions from opening a new account for an applicant who has engaged in one or more fraudulent banking practices unless the applicant can demonstrate to the satisfaction of the financial institution that the practice engaged in is not repetitive; etc.

Legislative History

House Action
2/1
First Reading Commerce and Government Matters
2/7
Hearing 2/27 at 1:15 p.m.
3/11
Unfavorable Report by Commerce and Government Matters
Senate Action
No Action
Sponsored by:
Delegate Elizabeth Bobo, District 12B
Delegate Joan B. Pitkin, District 23
Delegate Mary Roe Walkup, District 36
Bill indexed under the following Subjects:
BANKS AND TRUST COMPANIES
CREDIT UNIONS
FINANCIAL INSTITUTIONS -see also- BANKS & TRUST CO, CREDIT U
FRAUD
RECORDS -see also- RCDNGS, LAND RCDS, VITAL RCDS; CRIM BKGD.
REPORTS -see also- RECORDS
SAVINGS AND LOAN ASSOCIATIONS
Bill affects the following Statutes:
Financial Institutions
( 5-515 , 6-608 , 9-412.2 )

Documents:

Bill Text:
First Reading (PDF), Third Reading, Enrolled
Fiscal Note: Available (PDF)

Amendments: None available