summary
Introduced
03/29/2021
03/29/2021
In Committee
03/29/2021
03/29/2021
Crossed Over
Passed
Dead
12/31/2022
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)
Official Document
bill text
bill summary
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bill summary
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bill summary
Document Type | Source Location |
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State Bill Page | https://malegislature.gov/Bills/192/H1205 |
Bill | https://malegislature.gov/Bills/192/H1205.pdf |
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