H. B. 2800
(By Delegate Burke)
[Introduced February 24, 1995; referred to the
Committee on Banking and Insurance.]
A BILL to amend article four, chapter thirty-one-a of the code
of West Virginia, one thousand nine hundred thirty-one, as
amended, by adding thereto a new section, designated section
thirteen-a, relating to banking institutions and services
generally and returned check charges.
Be it enacted by the Legislature of West Virginia:
That article four, chapter thirty-one-a of the code of West
Virginia, one thousand nine hundred thirty-one, as amended, be
amended by adding thereto a new section, designated section
thirteen-a, to read as follows:
ARTICLE 4. BANKING INSTITUTIONS AND SERVICES GENERALLY.
§31A-4-13a. Returned check charges.
A state chartered banking institution may not assess a
returned check charge or similar charge against a depositor for
costs of processing a check or a federal Women, Infants and
Children voucher received by that depositor and returned for
nonsufficient funds by the institution upon which it was drawn.
NOTE: The purpose of this bill is to prohibit returned
check charges being charged to depositors of checks returned due
to nonsufficient funds.
This section is new; therefore, strike-throughs and
underscoring have been omitted.