Legislation
- Title
- Consumer Protection - Bank Overdraft Plans - Requirements
- Sponsored by
- Delegates Gutierrez, Barkley, Barron, Carr, Chang, Cullison, Gaines, C. Howard, Jackson, Jones, Kelly, Korman, Krimm, Lierman, Moon, Morales, Pena-Melnyk, Platt, Queen, Robinson, Tarlau, Valentino-Smith, M. Washington, Wilkins, and K. Young
- Status
- In the House - Unfavorable Report by Economic Matters
- Analysis
- Fiscal and Policy Note
Synopsis
Requiring that an overdraft protection plan of a banking institution be made available to customers only on an optional basis; requiring the plan to disclose, in a specified manner, specified fees and penalties and the method of applying debits and credits to a customer's account; requiring the plan to allow a customer to address an overdraft on a specified day and in a specified manner; etc.
Committees
- Original:
- Economic Matters Click to view Recorded Media
Details
Bill File Type: Regular
Effective Date(s): October 1, 2017
History
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File Code
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Subjects
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Statutes
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(
13-301 )
(
5-807, 5-807.1 )
Last Updated: 2/3/2020 2:32 PM