2013 Senate Bill 365

Restrict “bounced check” fees

Introduced in the Senate

May 21, 2013

Introduced by Sen. Gretchen Whitmer (D-23)

To prohibit a savings bank from imposing more than one overdraft fee per day regardless of how many checks a person bounces, and mandate that this fee be charged against the smallest bounced check.

Referred to the Committee on Banking and Financial Institutions