1999 Regular Session

HOUSE BILL 952

File Code: Financial Institutions Prior Year Introduction As: HB 1147/98 - CGM
Sponsored By:
Delegates Bobo, R. Baker, Benson, Bronrott, DeCarlo, Dypski, Grosfeld, A. Jones, Kagan, Mandel, Marriott, Menes, Montague, Moe, Pendergrass, Pitkin, Riley, Rosso, Swain, and Valderrama
Entitled:
Banking Institutions - Basic Banking Accounts

Synopsis:

Requiring certain banking institutions to make low cost banking services available to consumers by offering a basic banking account; establishing the rules, terms, conditions, and fees of the account; authorizing a banking institution to require certain information from account holders and compliance with specified rules; authorizing a bank to request approval of the Bank Commissioner to offer an alternative account in lieu of a basic banking account; etc.

History by Legislative Date

House Action
2/12
First Reading Commerce and Government Matters
2/17
Hearing 3/9 at 1:00 p.m.
3/22
Unfavorable Report by Commerce and Government Matters
Senate Action
No Action
Sponsored by:
Delegate Elizabeth Bobo, District 12B
Delegate Rushern L. Baker, III, District 22B
Delegate Joanne C. Benson, District 24
Delegate William A. Bronrott, District 16
Delegate Diane DeCarlo, District 6
Delegate Cornell N. Dypski, District 46
Delegate Sharon M. Grosfeld, District 18
Delegate Adrienne A. Jones, District 10
Delegate Cheryl C. Kagan, District 17
Delegate Adrienne A. Mandel, District 19
Delegate Salima Siler Marriott, District 40
Delegate Pauline H. Menes, District 21
Delegate Brian R. Moe, District 21
Delegate Kenneth C. Montague, Jr., District 43
Delegate Shane E. Pendergrass, District 13A
Delegate Joan B. Pitkin, District 23
Delegate B. Daniel Riley, District 34
Delegate Mary Rosso, District 31
Delegate Darren M. Swain, District 24
Delegate David M. Valderrama, District 26
Bill indexed under the following Subjects:
BANKS AND TRUST COMPANIES
CHECKS
CONSUMER PROTECTION -see also- ADVTG.; LABELING; WARRANTIES.
CREDIT UNIONS
DISCLOSURE
FEES -see also- DEVELOPMENT FEES AND TAXES
FINANCIAL INSTITUTIONS -see also- BANKS & TRUST CO; CREDIT U
SAVINGS AND LOAN ASSOCIATIONS
Bill affects the following Statutes:
Financial Institutions
( 12-901 , 12-902 , 12-903 , 12-904 , 12-905 , 12-906 )

Documents:

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

Amendments: None offered