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CT SB00129

Bill

Official Source

Status

Introduced

1/20/2015

Primary Sponsor

Arthur Linares

Click for details

Origin

Senate

2015 General Assembly

AI Summary

  • Amends Title 36a of the general statutes to prohibit increasing penalties for early certificate of deposit withdrawals beyond contractually established limits
  • Restricts financial institutions from imposing penalties that exceed the penalty amount agreed upon in the original CD contract
  • Referred to the Committee on Banking
  • Introduced by Senator Linares, 33rd District, January Session 2015

Legislative Description

An Act Prohibiting A Penalty Increase For The Early Withdrawal Of A Certificate Of Deposit.

Last Action

Referred to Joint Committee on Banking

1/20/2015

Committee Referrals

Banking1/20/2015

Full Bill Text

No bill text available