LEGISLATIVE SERVICES AGENCY
OFFICE OF FISCAL AND MANAGEMENT ANALYSIS
200 W. Washington St., Suite 301
Indianapolis, IN 46204
(317) 233-0696
iga.in.gov
FISCAL IMPACT STATEMENT
LS 6896 NOTE PREPARED: Jan 29, 2024
BILL NUMBER: HB 1284 BILL AMENDED:
SUBJECT: Deposit Account Agreements.
FIRST AUTHOR: Rep. Pierce K BILL STATUS: 2
nd
Reading - 1
st
House
FIRST SPONSOR:
FUNDS AFFECTED: GENERAL IMPACT: No Fiscal Impact
DEDICATED
FEDERAL
Summary of Legislation: This bill provides that a deposit account agreement between a depository financial
institution and a depositor may be changed or amended from time to time, subject to the terms of the deposit
account agreement. It provides that a depositor's continued maintenance of a deposit account after the
effective date of any change or amendment to the deposit account agreement, as described in a written notice
from the depository financial institution, constitutes prima facie evidence of the depositor's intent to accept
the change or amendment.
Effective Date: July 1, 2024.
Explanation of State Expenditures:
Explanation of State Revenues:
Explanation of Local Expenditures:
Explanation of Local Revenues:
State Agencies Affected:
Local Agencies Affected:
Information Sources:
HB 1284 1 Fiscal Analyst: Nate Bodnar, 317-234-9476.
HB 1284 2