HOUSE BILL 830

File Code: Financial Institutions Crossfiled with: SENATE BILL 385

Sponsored By:

Delegates Sophocleus, Parrott, Bozman, Riley, Crouse, Dobson, Swain, Benson, Bobo, McIntosh, Brinkley, Paige, Dypski, Clagett, and DeCarlo

Entitled:

Banking Institutions - Truncated Accounts

Synopsis:

Repealing specified provisions of law requiring banking institutions offering truncated checking accounts to also offer customers a specified checking account plan and to provide specified information to a customer opening a truncated checking account; clarifying that a request by a customer with a truncated account for return of a check must be in writing; altering the number of checks that a banking institution must return to a customer with a truncated account under specified circumstances; etc.

History by Legislative Date

House Action

2/7

First Reading Commerce and Government Matters

Hearing 3/5 at 3:00 p.m.

3/13

Favorable Report by Commerce and Government Matters

3/14

Favorable Report Adopted

Second Reading Passed

3/18

Third Reading Passed (134-0)

Senate Action

3/18

First Reading Finance

3/19

Hearing 3/27 at 1:00 p.m.

Sponsored by:

Delegate Theodore Sophocleus, District 32

Delegate Joanne C. Benson, District 24

Delegate Elizabeth Bobo, District 12B

Delegate K. Bennett Bozman, District 38

Delegate David R. Brinkley, District 4A

Delegate Virginia P. Clagett, District 30

Delegate James G. Crouse, District 36

Delegate Diane DeCarlo, District 6

Delegate Michael V. Dobson, District 43

Delegate Cornell N. Dypski, District 46

Delegate Maggie McIntosh, District 42

Delegate Jeffrey A. Paige, District 44

Delegate Joanne S. Parrott, District 35A

Delegate B. Daniel Riley, District 34

Delegate Darren M. Swain, District 24

Bill indexed under the following Subjects:

BANKS AND TRUST COMPANIES

CHECKS

FINANCIAL INSTITUTIONS -see also- BANKS; CREDIT UNIONS; etc.

Bill affects the following Statute:

Financial Institutions

( 5-513 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled

Fiscal Note: Available (PDF)

Amendments: None offered

Roll Call Vote (Legislative date is shown):

House

March 18, 2002: Third Reading Passed (134-0)