1999 Regular Session

SENATE BILL 270

File Code: Financial Institutions
Sponsored By:
Senators Conway, Blount, Mitchell, Hughes, McFadden, Frosh, Stone, Teitelbaum, Exum, Sfikas, Van Hollen, and Kelley
Entitled:
Financial Institutions - Proof of Identity from Payees and Prospective Account Holders

Synopsis:

Authorizing a financial institution to request proof of identity from a payee of a check, draft, or other negotiable instrument or an individual applying to open an account; prohibiting a financial institution from requiring a payee of a negotiable instrument to submit to fingerprinting as a condition to paying the negotiable instrument; and prohibiting a financial institution from requiring a prospective account holder to submit to a criminal history records check as a condition to opening an account.

History by Legislative Date

Senate Action
2/4
First Reading Finance
Hearing 2/23 at 1:00 p.m.
3/4
Unfavorable Report by Finance
House Action
No Action
Sponsored by:
Senator Joan Carter Conway, District 43
Senator Clarence W. Blount, District 41
Senator Nathaniel Exum, District 24
Senator Brian E. Frosh, District 16
Senator Ralph M. Hughes, District 40
Senator Delores G. Kelley, District 10
Senator Nathaniel J. McFadden, District 45
Senator Clarence M. Mitchell, IV, District 44
Senator Perry Sfikas, District 46
Senator Norman R. Stone, Jr., District 7
Senator Leonard H. Teitelbaum, District 19
Senator Christopher Van Hollen, Jr., District 18
Bill indexed under the following Subjects:
BANKS AND TRUST COMPANIES
CHECKS
CONSUMER PROTECTION -see also- ADVTG.; LABELING; WARRANTIES.
CRIMINAL BACKGROUND INVESTIGATIONS
FINANCIAL INSTITUTIONS -see also- BANKS & TRUST CO; CREDIT U
FINGERPRINTING
IDENTIFICATION
SAVINGS AND LOAN ASSOCIATIONS
Bill affects the following Statutes:
Financial Institutions
( 1-101 , 1-208 )

Documents:

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

Amendments: None offered