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MA H1327

Bill

Official Source

Status

Introduced

2/27/2025

Primary Sponsor

Todd Smola

Click for details

Origin

House of Representatives

194th General Court

AI Summary

  • Prohibits banks from charging fees on inactive accounts by adding this to the list of restricted charges under Chapter 167D, Section 5 of Massachusetts General Laws
  • Amends existing depositor protection law by inserting "a fee for inactive accounts" as a new prohibited charge category
  • Sponsored by Representative Todd M. Smola of the 1st Hampden District, filed on January 16, 2025
  • Similar legislation (House No. 1151) was filed in the previous 2023-2024 legislative session
  • Referred to the Financial Services Committee for review

Legislative Description

Relative to inactive bank account fees

Last Action

Accompanied a study order, see H4931

1/15/2026

Committee Referrals

Financial Services2/27/2025

Full Bill Text

No bill text available