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This entry was published on 2021-02-12
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SECTION 9-X*2
Fees based on inactivity; notification
Banking (BNK) CHAPTER 2, ARTICLE 1
* § 9-x. Fees based on inactivity; notification. Notwithstanding any
other provision of law or rule or regulation to the contrary, any
financial institution subject to the provisions of this chapter,
including any bank, trust company, savings bank, savings and loan
association, credit union, mortgage broker, mortgage banker, or other
investment entity, whether headquartered within or outside the state,
which provides an account to a customer shall provide written notice of
the pending charges to a customer thirty days prior to charging any fee
based on account inactivity. Such notice shall include a telephone
number and full contact information for a representative of the
financial institution responsible for resolving any matter relating to
the fee. A notification by electronic mail shall satisfy the writing
requirement for the purposes of this section.

* NB There are 2 § 9-x's