An Act relative to inactive bank account fees
This bill (HD 2498) amends Massachusetts banking law to regulate fees charged for inactive bank accounts. It requires banks to explicitly disclose "a fee for inactive accounts" to customers, adding this as a new fee type alongside existing charges. The policy directly affects bank customers who maintain dormant accounts, as it mandates clear communication about this specific fee. The change is a straightforward disclosure requirement, not a fee cap or elimination.
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1 primary · 0 co-sponsors
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Role
Legislator
Party
State
District
P
Todd Smola
RRepublican
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