HB 497 - AS INTRODUCED

2001 SESSION

01-0595

09/10

HOUSE BILL 497

AN ACT prohibiting banks from charging customers fees for accessing funds from their own accounts.

SPONSORS: Rep. A. Pelletier, Straf 12

COMMITTEE: Commerce

ANALYSIS

This bill prohibits banks from charging customers fees for accessing funds from their own accounts.

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Explanation: Matter added to current law appears in bold italics.

Matter removed from current law appears [in brackets and struckthrough.]

Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

01-0595

09/10

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand One

AN ACT prohibiting banks from charging customers fees for accessing funds from their own accounts.

Be it Enacted by the Senate and House of Representatives in General Court convened:

1 Subdivision Heading. The subdivision heading preceding RSA 384:64 is repealed and reenacted to read as follows:

Prohibition on Certain Service Charges

2 New Section; Prohibition on Certain Service Charges by Banks. Amend RSA 384 by inserting after section 64 the following new section:

384:64-a Prohibition on Certain Service Charges by Banks. No bank shall assess a service charge on any transaction by any means which involves a customer of such bank accessing his or her own funds.

3 Repeal. RSA 384:64, relative to disclosure of fees for use of electronic customer terminals, is repealed.

4 Effective Date. This act shall take effect 60 days after its passage.