HB1668: relative to providing bank account balance information.

HB 1668 – AS INTRODUCED

2006 SESSION

06-2511

06/04

HOUSE BILL 1668

AN ACT relative to providing bank account balance information.

SPONSORS: Rep. Kurk, Hills 7

COMMITTEE: Commerce

ANALYSIS

This bill requires state-regulated financial institutions to offer account holders the option to have their transaction receipts printed without showing the account balance.

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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

06-2511

06/04

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand Six

AN ACT relative to providing bank account balance information.

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

1 New Section; Bank Account Balance Display Option. Amend RSA 383 by inserting after section 13-a the following new section:

383:13-b Bank Accounts; Display of Balance Optional. All state-regulated financial institutions shall provide the holder of any account in the institution with the option to withhold printing of the account balance on transaction receipts whether issued to the account holder in person, by mail, or by an automated teller machine. The financial institution shall notify new customers of the availability of the option for non-balance transaction receipts and shall notify its existing customers of the option at least annually. The account holder may at any time exercise the option to have his or her transaction receipts show no balance. The financial institution shall not charge a fee for providing or exercising the option for non-balance transaction receipts.

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