Connecticut 2019 Regular Session

Connecticut Senate Bill SB00212 Compare Versions

Only one version of the bill is available at this time.
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33 LCO No. 2244 1 of 1
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55 General Assembly Proposed Bill No. 212
66 January Session, 2019
77 LCO No. 2244
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1010 Referred to Committee on BANKING
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1313 Introduced by:
1414 SEN. MARTIN, 31st Dist.
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1818 AN ACT REQUIRING BANKS TO NOTIFY CUSTOMERS BEFORE THE
1919 EXPIRATION OF AUTOMATIC PAYMENTS AND AFTER ACCOUNT
2020 OVERDRAFTS.
2121 Be it enacted by the Senate and House of Representatives in General
2222 Assembly convened:
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2424 That title 36a of the general statutes be amended to require banks to 1
2525 notify customers (1) before the bank's authorization to make automatic 2
2626 payments or transfers from the customer's account expires, and (2) 3
2727 immediately after the customer's account is overdrawn. 4
2828 Statement of Purpose:
2929 To require banks to notify customers before automatic payments or
3030 transfers from the customer's account expire and immediately after the
3131 customer's account is overdrawn.