An Act Concerning Various Revisions To The Credit Union Statutes Relating To Nonmember Payments, Member Business Loans, Charitable Contributions, Extensions Of Credit, Capital And Net Worth.
Provides that charges imposed by certain state chartered banking institutions in connection with a check or other written order drawn on insufficient funds shall not exceed the greater of five dollars or the pro rata share of such state chartered banking institution's total direct costs and charge-off losses for providing non-covered overdraft credit.