2008 House Bill 5730

Require joint bank account customer disclosures

Introduced in the House

Feb. 13, 2008

Introduced by Rep. Gino Polidori (D-15)

To require savings banks to disclose to individuals opening a joint account the particular characteristics of these accounts, including what happens when one account owner dies, and the fact that each account owner has the right to remove money from the account.

Referred to the Committee on Senior Health, Security, and Retirement

March 11, 2008

Reported without amendment

With the recommendation that the substitute (H-1) be adopted and that the bill then pass.

May 1, 2008

Substitute offered

The substitute passed by voice vote

Amendment offered by Rep. Kevin Green (R-77)

The amendment passed 93 to 15 (details)

Amendment offered by Rep. Brian Calley (R-87)

The amendment failed by voice vote

Amendment offered by Rep. Fulton Sheen (R-88)

The amendment failed 54 to 54 (details)