Legislation
SECTION 9-I
Close-out fees prohibited in certain cases
Banking (BNK) CHAPTER 2, ARTICLE 1
* § 9-i. Close-out fees prohibited in certain cases. No banking
institution, as that term is defined in section nine-f of this chapter,
shall charge its customers a fee for the withdrawal of all funds from
any account resulting in the closing of such account provided that such
account was opened for a period of at least one hundred eighty
consecutive days prior to its closing.
* NB There are 2 § 9-i's
institution, as that term is defined in section nine-f of this chapter,
shall charge its customers a fee for the withdrawal of all funds from
any account resulting in the closing of such account provided that such
account was opened for a period of at least one hundred eighty
consecutive days prior to its closing.
* NB There are 2 § 9-i's