Senate Bill No. 15

(By Senators Bailey and Walker)

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[Introduced February 12, 1997; referred to the

Committee on Banking and Insurance.]

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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 federal WIC voucher charges.
A state chartered banking institution may not assess a return charge or similar charge against a depositor for costs of processing a federal WIC voucher received by that depositor and returned to the institution upon which it was drawn.

NOTE: The purpose of this bill is to prohibit returned charges being charged for Federal WIC Vouchers.

This section is new; therefore, strike-throughs and underscoring have been omitted.