Bill Text: CT SB00011 | 2013 | General Assembly | Comm Sub

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Bill Title: An Act Requiring Notice Of The Reordering Of Banking Transactions.

Spectrum: Bipartisan Bill

Status: (Engrossed - Dead) 2013-04-25 - House Calendar Number 434 [SB00011 Detail]

Download: Connecticut-2013-SB00011-Comm_Sub.html

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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

BA

Joint Favorable Subst.