Bill

Bill > H1205


MA H1205

Relative to inactive bank account fees


summary

Introduced
03/29/2021
In Committee
03/29/2021
Crossed Over
Passed
Dead
12/31/2022

Introduced Session

192nd General Court

Bill Summary

Relative to fees for certain inactive bank accounts. Financial Services.

AI Summary

This bill proposes to amend Section 5 of Chapter 167D of the Massachusetts General Laws to allow banks to charge fees for inactive bank accounts. Specifically, the bill would allow banks to impose a fee for accounts that are considered inactive, in addition to the other fees already permitted, such as account maintenance fees and fees for failing to maintain a minimum balance.

Committee Categories

Business and Industry

Sponsors (1)

Last Action

Accompanied a study order, see H4976 (on 09/01/2022)

bill text


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