General Assembly Substitute Bill No. 11
January Session, 2013 *_____SB00011BA____031413____*
General Assembly
Substitute Bill No. 11
January Session, 2013
*_____SB00011BA____031413____*
AN ACT REQUIRING NOTICE OF THE REORDERING OF BANKING 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-2 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
BA Joint Favorable Subst.
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Joint Favorable Subst.