Second Regular Session of the 123rd General Assembly (2024)
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HOUSE ENROLLED ACT No. 1284
AN ACT to amend the Indiana Code concerning financial
institutions.
Be it enacted by the General Assembly of the State of Indiana:
SECTION 1. IC 28-1-20.1 IS ADDED TO THE INDIANA CODE
AS A NEW CHAPTER TO READ AS FOLLOWS [EFFECTIVE
JULY 1, 2024]:
Chapter 20.1. Deposit Account Agreements
Sec. 1. As used in this chapter, "deposit account" has the
meaning set forth in IC 28-9-2-5.
Sec. 2. As used in this chapter, "deposit account agreement"
means an agreement that:
(1) is between a depository financial institution and a
depositor; and
(2) governs a deposit account.
Sec. 3. As used in this chapter, "depositor" has the meaning set
forth in IC 28-9-2-4.
Sec. 4. As used in this chapter, "depository financial institution"
has the meaning set forth in IC 28-9-2-6.
Sec. 5. As used in this chapter, "written notice" means a notice
that is:
(1) in writing;
(2) provided to the depositor in any manner in which the
depositor has agreed to receive notices from the depository
financial institution; and
HEA 1284 — Concur 2
(3) sent at least thirty (30) calendar days before the effective
date of any change or amendment to the deposit account
agreement described in the notice.
Sec. 6. A deposit account agreement may be changed or
amended from time to time, subject to the terms of the deposit
account agreement. 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 provided by the depository financial institution to
the depositor, constitutes prima facie evidence of the depositor's
intent to accept the change or amendment for which notice was
provided.
HEA 1284 — Concur Speaker of the House of Representatives
President of the Senate
President Pro Tempore
Governor of the State of Indiana
Date: Time:
HEA 1284 — Concur