General Assembly Committee Bill No. 11
January Session, 2013 LCO No. 4382
*04382SB00011BA_*
Referred to Committee on BANKS
Introduced by:
(BA)
General Assembly
Committee Bill No. 11
January Session, 2013
LCO No. 4382
*04382SB00011BA_*
Referred to Committee on BANKS
Introduced by:
(BA)
AN ACT REQUIRING NOTICE OF THE REORDERING OF TRANSACTIONS.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
Section 1. (NEW) (Effective October 1, 2013) A bank, as defined in section 36a-1 of the general statutes, shall provide written notice to its account-holding customers regarding (1) the order in which the bank processes and posts each transaction that occurs during a single day on a customer's account, and (2) whether the bank may change the order in which it processes or posts account transactions occurring during a single day and the reasons for any such reordering.
This act shall take effect as follows and shall amend the following sections:
Section 1 October 1, 2013 New section
This act shall take effect as follows and shall amend the following sections:
Section 1
October 1, 2013
New section
Statement of Purpose:
To create more fairness in banking.
[Proposed deletions are enclosed in brackets. Proposed additions are indicated by underline, except that when the entire text of a bill or resolution or a section of a bill or resolution is new, it is not underlined.]
Co-Sponsors: SEN. LOONEY, 11th Dist.
Co-Sponsors:
SEN. LOONEY, 11th Dist.
S.B. 11