SB 524 Modifies provisions relating to contractual fees charged by certain financial institutions
Sponsor: Cunningham
LR Number: 2334S.01T Fiscal Notes
Committee: Financial and Governmental Organizations and Elections
Last Action: 6/22/2015 - Signed by Governor Journal Page: S1763-1764
Title: Calendar Position:
Effective Date: August 28, 2015
House Handler: Shull

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Current Bill Summary

SB 524 - This act prohibits any contractual fee charged by a bank, trust company, association, or credit union for overdrawing the balance of a deposit account from being deemed as interest.

This act is identical to HB 1064 (2015).