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By Mr. Hynes of Marshfield, petition (accompanied by bill, House, No. 975) of Frank M. Hynes and others relative to exempting seniors from certain bank fees. Financial Services. |
The Commonwealth of Massachusetts
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PETITION OF:
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By Mr. Hynes of Marshfield, petition (accompanied by bill, House, No. 975) of Frank M. Hynes and others relative to exempting seniors from certain bank fees. Financial Services. |
The Commonwealth of Massachusetts
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PETITION OF:
Barbara A. L'Italien
James B. Eldridge
Ruth B. Balser
Mark C. Montigny
James M. Murphy
Tom Sannicandro
William N. Brownsberger
Thomas J. Calter
Timothy J. Toomey, Jr.
John P. Fresolo
Gale D. Candaras
Edward M. Augustus, Jr.
Stephen M. Brewer
Angelo J. Puppolo, Jr.
Anthony J. Verga
Benjamin Swan
John V. Fernandes
Christine E. Canavan
Bruce J. Ayers
James E. Timilty
Jennifer M. Callahan
Stephen Stat Smith
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In the Year Two Thousand and Seven.
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An Act relative to exempting seniors from certain bank fees. |
Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
SECTION 1. Chapter 118E of the General Laws, as so appearing in the 2004 Official Edition, is hereby amended by striking out section 23A and inserting in place thereof the following section: -
Section 23A. A treasurer of a savings bank, national bank, trust company, cooperative bank, benefit association, insurance company or safe deposit company authorized to do business in the commonwealth who, upon written request signed by an authorized employee or agent of the division, unreasonably refuses to inform such employee or agent of the amount deposited in the corporation or association to the credit of a person named in such request as a charge upon the commonwealth, or as an applicant to the commonwealth for medical assistance under this chapter, or who willfully renders false information in reply to such request, shall forfeit 50 dollars to the use of the commonwealth. Upon receipt of a written request from an authorized employee or agent of the division to the applicant or recipient for information about the amounts deposited, a treasurer, as aforesaid, shall furnish the records on deposits and withdrawals during the past five years concerning any applicant for or recipient of medical assistance under this chapter to such applicant or recipient without charge and within the time limits provided by the authorized employee or agent of the division in the written notice.