CT SB00320

Expands the definition of "consumer" to include any individual making deposits to a bank or other entity that accepts and holds deposits.

Adds deposit accounts at banks, Connecticut credit unions, and federal credit unions to the definition of "consumer contract" (limited to those established primarily for personal, family, or household purposes).

Defines "commercial party" to include banks and other entities that accept and hold deposits from consumers, along with sellers, creditors, and lessors.

Prohibits banks and other entities that hold consumer deposits from including contract clauses that make consumers liable for the bank's losses, costs, or expenses prior to adjudication of the parties' rights.

Effective October 1, 2015, with penalties of $100 in statutory damages plus potential attorney's fees up to $100 for violations.