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OH HB354

Bill

Official Source

Status

Introduced

11/10/2009

Primary Sponsor

Tyrone Yates

Click for details

Origin

House of Representatives

128th General Assembly (2009-2010)

AI Summary

  • Enacts section 1109.051 of the Revised Code to regulate bank practices related to debit card transactions
  • Prohibits banks from engaging in a pattern or practice of manipulating the process by which debit card transactions are posted against customer accounts
  • Targets manipulation designed to increase the number of transactions that trigger overdraft protection fees
  • Applies to the posting order and timing of debit card transactions against bank accounts

Legislative Description

Relative to the posting of debit card transactions against a bank account.

Debit card transactions-posting against bank account

Last Action

To Financial Institutions, Real Estate, & Securities

11/10/2009

Full Bill Text

No bill text available