HOUSE BILL 820

Sponsored By:

Delegates Bobo, Bronrott, Clagett, Dobson, Dypski, Mandel, Moe, Morhaim, Paige, and Swain

Entitled:

Financial Institutions - Fees for Dishonored Negotiable Instruments - Prohibition

Synopsis:

Prohibiting a financial institution from imposing any fee, charge, or other assessment against the account of a depositor of the financial institution because the drawee of a check, draft, or other negotiable instrument that has been deposited in the financial institution by the depositor in good faith dishonors the check, draft, or other negotiable instrument.

History by Legislative Date

House Action

2/9

First Reading Commerce and Government Matters

2/14

Hearing 3/6 at 1:00 p.m.

3/15

Unfavorable Report by Commerce and Government Matters

Senate Action

No Action

Sponsored by:

Delegate Elizabeth Bobo, District 12B

Delegate William A. Bronrott, District 16

Delegate Virginia P. Clagett, District 30

Delegate Michael V. Dobson, District 43

Delegate Cornell N. Dypski, District 46

Delegate Adrienne A. Mandel, District 19

Delegate Brian R. Moe, District 21

Delegate Dan K. Morhaim, District 11

Delegate Jeffrey A. Paige, District 44

Delegate Darren M. Swain, District 24

Bill indexed under the following Subjects:

BANKS AND TRUST COMPANIES

CHECKS

CREDIT UNIONS

FEES -see also- DEVELOPMENT FEES AND TAXES

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

SAVINGS AND LOAN ASSOCIATIONS

Bill affects the following Statutes:

Financial Institutions

( 1-101 , 1-207 )

Documents:

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

Fiscal Note: Available (PDF)

Amendments: None offered