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HOUSE DOCKET, NO. 142         FILED ON: 1/11/2011

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 275

 

The Commonwealth of Massachusetts

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PRESENTED BY:

William N. Brownsberger

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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 check overdrafts.

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PETITION OF:

 

Name:

District/Address:

William N. Brownsberger

 

John P. Fresolo

16th Worcester


HOUSE DOCKET, NO. 142        FILED ON: 1/11/2011

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 275

By Mr. Brownsberger of Belmont, petition (accompanied by Bill, House, No. 275) of William N. Brownsberger and John P. Fresolo relative to fees and notification of overdrafts on checking accounts.  Financial Services.

 

[SIMILAR MATTER FILED IN PREVIOUS SESSION
SEE HOUSE, NO. 872 OF 2009-2010.]


The Commonwealth of Massachusetts
 

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In the Year Two Thousand Eleven

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An Act relative to check overdrafts.
 

              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 93 of the General Laws is hereby amended by inserting after section 40 A the following section:-

              Section 40 B.  Banks charging overdraft fees shall be limited 1 per day in an account. If the customer provides an email address or cell phone number, they shall notify the customer by text or email within 1 hour of any overdraft.

              Banks shall provide customers with the option that the bank will not honor overdrafts and shall return such checks marked insufficient funds.

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