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MA H1081

Bill

Official Source

Status

Introduced

2/27/2025

Primary Sponsor

Bruce Ayers

Click for details

Origin

House of Representatives

194th General Court

AI Summary

  • Requires banks to reimburse customers for any money lost due to fraudulent charges within 30 days of the bank finding fraud on the account
  • Adds new Section 52 to Chapter 167 of the Massachusetts General Laws
  • Classifies failure to reimburse customers for fraudulent charges as an unfair banking practice under Section 2D
  • Sponsored by Representative Bruce J. Ayers of the 1st Norfolk district, filed January 14, 2025
  • Similar legislation was previously filed as House No. 3583 in the 2023-2024 session

Legislative Description

Relative to customer reimbursement in instances of financial fraud

Last Action

Accompanied a study order, see H4712

11/10/2025

Committee Referrals

Financial Services2/27/2025

Full Bill Text

No bill text available