HB1447 (2006) Detail

Requiring a New Hampshire bank to credit a customer's account within 24 hours of notification that a check is good.


HB 1447 - AS INTRODUCED

2006 SESSION

06-2542

06/01

HOUSE BILL 1447

AN ACT requiring a New Hampshire bank to credit a customer’s account within 24 hours of notification that a check is good.

SPONSORS: Rep. Dickinson, Carr 1; Rep. Marshall Quandt, Rock 13; Rep. Merrow, Carr 3; Sen. Kenney, Dist 3; Sen. Gallus, Dist 1

COMMITTEE: Commerce

ANALYSIS

This bill requires a New Hampshire bank to credit a customer’s account within 24 hours of notification that a check is good.

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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

06-2542

06/01

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand Six

AN ACT requiring a New Hampshire bank to credit a customer’s account within 24 hours of notification that a check is good.

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

1 New Subdivision; Account Credit for Deposited Checks. Amend RSA 384 by inserting after section 68 the following new subdivision:

Account Credit for Deposited Checks

384:69 Credit for Deposited Checks. A New Hampshire bank shall credit the account of a customer for the deposit of a check within 24 hours of notification that the deposited check is good.

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