Bill Text: MA S492 | 2009-2010 | 186th General Court | Introduced
Bill Title: Protect banking consumers
Sponsorship: Partisan Bill (Democrat 1)
Status: (Introduced - Dead) 2010-08-05 - Accompanied a study order, see S02594 [S492 Detail]
Download: Massachusetts-2009-S492-Introduced.html
The Commonwealth of Massachusetts
_______________
PRESENTED BY:
Montigny, Mark (SEN)
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To the
Honorable Senate and House of Representatives of the Commonwealth of
Massachusetts in General
��������������� Court assembled:
��������������� The undersigned legislators and/or citizens respectfully petition for the passage of the accompanying bill:
An Act protecting banking consumers
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PETITION OF:
|
Name: |
District/Address: |
|
Montigny, Mark (SEN) |
Second Bristol and Plymouth |
[SIMILAR MATTER FILED IN PREVIOUS
SESSION
SEE SENATE, NO. S00603 OF 2007-2008.]
The Commonwealth of
Massachusetts
_______________
In the Year Two Thousand and Nine
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An Act protecting banking consumers.
��������������� Be
it enacted by the Senate and House of Representatives in General Court
assembled, and by the authority of the same, as follows:
����������� SECTION 1. Chapter 167D is hereby amended by inserting, after section 18, the following new section:-
167D:18A. Upon any merger, acquisition, consolidation, purchase of assets, or any other unilateral internal administrative reason that a bank imposes a checking account identification number change or alteration causing a depositor�s unused checks or drafts to no longer be accepted for making transfers to third parties, the depositor shall be allowed, within 3 months of the date on which the account number is changed, to submit any unused checks or drafts to the bank.� Upon submittal of the unused checks, the depositor shall be entitled to order from the bank, the same number of new checks reflecting the new account identification number at no expense to the depositor.
