HOUSE DOCKET, NO. 2904 FILED ON: 1/19/2023
HOUSE . . . . . . . . . . . . . . . No. 3583
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The Commonwealth of Massachusetts
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PRESENTED BY:
Bruce J. Ayers
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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 adoption of the accompanying bill:
An Act relative to customer reimbursement in instances of financial fraud.
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PETITION OF:
Name: | District/Address: | Date Added: |
Bruce J. Ayers | 1st Norfolk | 1/19/2023 |
HOUSE DOCKET, NO. 2904 FILED ON: 1/19/2023
HOUSE . . . . . . . . . . . . . . . No. 3583
By Representative Ayers of Quincy, a petition (accompanied by bill, House, No. 3583) of Bruce J. Ayers relative to customer reimbursement in instances of financial fraud. Financial Services. |
The Commonwealth of Massachusetts
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In the One Hundred and Ninety-Third General Court
(2023-2024)
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An Act relative to customer reimbursement in instances of financial fraud.
Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
Chapter 167 of the General Laws is hereby amended by adding the following section:-
Section 52. In the event of a finding by a bank of fraudulent charges on a customer’s account, the bank shall reimburse the customer any money lost by the customer as a result of the fraudulent charges within 30 days. The failure of a bank to reimburse a customer for fraudulent charges shall be an unfair practice under section 2D.