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CT HB05047
Bill
Status
Introduced
2/8/2010
Primary Sponsor
Banks Committee
Click for details
AI Summary
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Prohibits Connecticut banks, Connecticut credit unions, and federal credit unions from charging overdraft fees or penalties when an overdraft results from Social Security Administration direct deposit tape errors or accidental omissions from such tape.
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Prohibits Connecticut banks from charging overdraft fees or penalties if a customer eliminates a negative account balance on the business day following an insufficient funds alert from the bank.
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Effective date is October 1, 2010.
Legislative Description
An Act Concerning Negative Account Balances.
Last Action
File Number 139
3/25/2010
Committee Referrals
Banks2/8/2010
Full Bill Text
No bill text available