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