2011 -- H 5026

=======

LC00013

=======

STATE OF RHODE ISLAND

IN GENERAL ASSEMBLY

JANUARY SESSION, A.D. 2011

____________

A N A C T

RELATING TO FINANCIAL INSTITUTIONS -- LICENSED ACTIVITIES

     Introduced By: Representatives Fellela, Serpa, Malik, Cimini, and Carnevale

     Date Introduced: January 18, 2011

     Referred To: House Corporations

It is enacted by the General Assembly as follows:

1-1

     SECTION 1. Chapter 19-14 of the General Laws entitled "Licensed Activities" is hereby

1-2

amended by adding thereto the following section:

1-3

     19-14-34. Fingerprinting by financial institutions prohibited. -- No financial

1-4

institution doing business in the State of Rhode Island shall require any fee or cause any person to

1-5

be fingerprinted when such person is presenting a valid instrument upon said financial institution

1-6

for purposes of drawing funds from an existing customer's deposit account.

1-7

     SECTION 2. This act shall take effect upon passage.

=======

LC00013

========

EXPLANATION

BY THE LEGISLATIVE COUNCIL

OF

A N A C T

RELATING TO FINANCIAL INSTITUTIONS -- LICENSED ACTIVITIES

***

2-1

     This act would prohibit financial institutions from charging fees or requiring

2-2

fingerprinting for the cashing of checks from existing accounts.

2-3

     This act would take effect upon passage.

=======

LC00013

=======