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Legislation


2000 Regular Session

HOUSE BILL 524

File Code: Financial Institutions Prior Year Introduction As: HB 952/99 - CGM
Sponsored By:
Delegates Bobo, Pitkin, R. Baker, Benson, Bronrott, Clagett, DeCarlo, Dypski, Grosfeld, A. Jones, V. Jones, Kagan, Kopp, Mandel, Marriott, Menes, Moe, Montague, Paige, Pendergrass, Riley, Rosso, Swain, and Valderrama
Entitled:
Banking Institutions - Basic Banking Accounts and Basic Share Draft Accounts

Synopsis:

Requiring specified banking institutions to make low cost banking services available to consumers by offering a basic banking account or a basic share draft account; establishing the rules, terms, conditions, and fees of the accounts; providing that an account holder who violates a specified condition is subject to a specified fine; authorizing a banking institution to require specified information from account holders; authorizing a banking institution to require account holders to comply with specified rules; etc.

History by Legislative Date

House Action
2/7
First Reading Commerce and Government Matters
2/9
Hearing 2/29 at 1:00 p.m.
2/15
Hearing cancelled
Hearing 3/2 at 1:00 p.m.
3/17
Unfavorable Report by Commerce and Government Matters
Senate Action
No Action
Sponsored by:
Delegate Elizabeth Bobo, District 12B
Delegate Rushern L. Baker, III, District 22B
Delegate Joanne C. Benson, District 24
Delegate William A. Bronrott, District 16
Delegate Virginia P. Clagett, District 30
Delegate Diane DeCarlo, District 6
Delegate Cornell N. Dypski, District 46
Delegate Sharon M. Grosfeld, District 18
Delegate Adrienne A. Jones, District 10
Delegate Verna L. Jones, District 44
Delegate Cheryl C. Kagan, District 17
Delegate Nancy K. Kopp, District 16
Delegate Adrienne A. Mandel, District 19
Delegate Salima Siler Marriott, District 40
Delegate Pauline H. Menes, District 21
Delegate Brian R. Moe, District 21
Delegate Kenneth C. Montague, Jr., District 43
Delegate Jeffrey A. Paige, District 44
Delegate Shane E. Pendergrass, District 13A
Delegate Joan B. Pitkin, District 23
Delegate B. Daniel Riley, District 34
Delegate Mary M. Rosso, District 31
Delegate Darren M. Swain, District 24
Delegate David M. Valderrama, District 26
Bill indexed under the following Subjects:
BANKS AND TRUST COMPANIES
CHECKS
CONSUMER PROTECTION -see also- UNFAIR TRADE PRACTICES
CREDIT UNIONS
DISCLOSURE
FEES -see also- DEVELOPMENT FEES AND TAXES
FINANCIAL INSTITUTIONS -see also- BANKS; CREDIT UNIONS; etc.
FINES
SAVINGS AND LOAN ASSOCIATIONS
Bill affects the following Statutes:
Financial Institutions
( 12-901 , 12-902 , 12-903 , 12-904 , 12-905 , 12-906 )

Documents:

Bill Text: First Reading (PDF), Third Reading, Enrolled
Fiscal Note: Available (PDF)
Amendments: None offered
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