Bill Text - HB562 (2011)

Relative to overdraft fees charged by banks.


Revision: Jan. 28, 2011, midnight

HB 562 – AS INTRODUCED

2011 SESSION

11-0243

08/04

HOUSE BILL 562

AN ACT relative to overdraft fees charged by banks.

SPONSORS: Rep. Brunelle, Hills 10; Rep. Suzanne Smith, Graf 7; Rep. Sad, Ches 2; Rep. Grassie, Straf 1; Rep. Schlachman, Rock 13; Rep. Benn, Graf 9; Rep. Pierce, Graf 9

COMMITTEE: Commerce and Consumer Affairs

ANALYSIS

This bill limits overdraft fees charged by banks to $50.

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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

11-0243

08/04

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand Eleven

AN ACT relative to overdraft fees charged by banks.

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

1 New Paragraphs; Overdraft Fee Restriction. Amend RSA 382-A:4-401 by inserting after paragraph (d) the following new paragraph:

(e) A bank shall not charge an overdraft fee greater than $50.

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

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