CT SB00317

Repeals and replaces Section 42-150bb of the general statutes, effective October 1, 2015

Prohibits banks and other entities that accept deposits from consumers from collecting attorneys' fees from customers if the bank prevails in claims based on consumer contracts

Requires attorneys' fees to be awarded to consumers who successfully prosecute or defend actions based on consumer contracts where the original contract allowed the commercial party to collect fees

Applies to consumer contracts for depository accounts and leases where the transaction is primarily for personal, family, or household purposes

Specifies that when a commercial party is represented by a salaried employee, the consumer's awarded attorney's fee shall be in a reasonable amount regardless of contract terms