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CT HB05351

Bill

Official Source

Status

Introduced

1/19/2011

Primary Sponsor

Ezequiel Santiago

Click for details

Origin

House of Representatives

2011 General Assembly

AI Summary

  • Amends Title 36a of the general statutes to regulate how banks handle finance charges related to fraudulent credit card use
  • Prohibits banks from requiring customers to pay finance charges incurred through fraudulent use by a third party while their accounts are under fraud investigation
  • Applies only to finance charges that remain disputed and under investigation by the bank
  • Prevents customers from bearing the financial burden of fraudulent charges until the investigation is completed

Legislative Description

An Act Concerning Payment Of Finance Charges Incurred As A Result Of Fraudulent Use Of A Credit Card Account By A Third Party.

Last Action

Public Hearing 02/10

2/4/2011

Committee Referrals

Banks1/19/2011

Full Bill Text

No bill text available