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OH HB355

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

  • Prohibits banks from imposing minimum balance requirements on personal deposit accounts opened on or after the effective date
  • Prohibits banks from charging monthly fees or any other charges for providing check cashing services on personal deposit accounts
  • Prohibits banks from charging fees or imposing limitations for providing bill processing services on personal deposit accounts
  • Applies only to deposit accounts opened by customers for personal use, not business accounts
  • Creates new section 1109.051 of the Ohio Revised Code to establish these prohibitions

Legislative Description

To prohibit banks from imposing minimum balance requirements or charges for providing check cashing and bill processing services in connection with a deposit account opened by a customer for personal use.

Banks-no minimum balance requirement/ charges-check cashing/bill processing

Last Action

To Financial Institutions, Real Estate, & Securities

11/10/2009

Full Bill Text

No bill text available