SENATE BILL 385

File Code: Financial Institutions Crossfiled with: HOUSE BILL 830

Sponsored By:

Senator Astle

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

Senate Action

1/30

First Reading Finance

2/6

Hearing 3/12 at 1:00 p.m.

2/26

Hearing cancelled

Hearing 3/13 at 1:00 p.m.

3/22

Unfavorable Report by Finance

House Action

No Action

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, Enrolled

Fiscal Note: Available (PDF)

Amendments: None offered