91st General Assembly
Summary of SB1055
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Senate Sponsors:
OBAMA-MUNOZ-LIGHTFORD.

House Sponsors:
CURRIE-MCKEON-DAVIS,MONIQUE-GARRETT

Short description: 
CHECK ACCEPTANCE FIRM ACT                                                  

Synopsis of Bill as introduced:
        Creates the Check Acceptance Firm Act.  Requires an  entity  that      
   provides  information  verification  services  for retail sellers with      
   respect to a consumer's personal check to make available by means of a      
   toll-free  telephone  number  the  reasons  for  not   accepting   the      
   consumer's  check.   Requires  the  reasons to be sent to the consumer      
   within 14 days after the request is made.                                   
          FISCAL NOTE (Dept. of Financial Institutions)                        
          There will be no fiscal impact on this Department.                   
          FISCAL NOTE, H-AM 1 (Dept. of Financial Institutions)                
          Same as previous note.                                               
        HOUSE AMENDMENT NO. 1.                                                 
        Deletes requirement that a toll-free number for use in contacting      
   a check acceptance firm be posted by retailers.  Requires the retailer      
   only to make the toll-free number available as required by the federal      
   Fair Credit Reporting Act.                                                  
 
Last action on Bill: SESSION SINE DIE

   Last action date: 01-01-09

           Location: Senate

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   1     SENATE -   0


   END OF INQUIRY 



 Full Text  Bill Status