Bill Type
Congress Name
Long Title
AN ACT PROHIBITING BANKS FROM IMPOSING FEES OR CHARGES ON SAVINGS OR CURRENT ACCOUNTS FALLING BELOW THE REQUIRED MINIMUM MAINTAINING BALANCE AND PROVIDING PENALTIES FOR VIOLATION THEREOF
Date filed
December 3, 2001
Scope
Urgent Bill
No
Legislative History
| House Bill/Resolution NO. House Bill No. 4005, 12th Congress of the Republic | |
| FULL TITLE : AN ACT PROHIBITING BANKS FROM IMPOSING FEES OR CHARGES ON SAVINGS OR CURRENT ACCOUNTS FALLING BELOW THE REQUIRED MINIMUM MAINTAINING BALANCE AND PROVIDING PENALTIES FOR VIOLATION THEREOF | |
| ABSTRACT : It shall be unlawful for any bank, whether government-owne d or private, local or foreign to impose fees or charges on depositors who cannot comply with the required minimum maintaining balance in savings or current accounts by deducting certain amounts from depositor's remaining balance of his/her deposit. | |
| PRINCIPAL AUTHOR/S : ERICE, EDGAR R. | |
| DATE FILED : 2001-12-03 | |
| SIGNIFICANCE: NATIONAL | |
| CO-AUTHORS (Journal Entries) : | |
| 1. Cuenco (068 ) | 2. Jaraula (015 ) |
| 3. Syjuco (052 ) | |
| ADMINISTRATION BILL? No | |
| URGENT BILL? No | |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES | |
| REFERRAL TO THE COMMITTEE ON BANKS AND FINANCIAL INTERMEDIARIES ON 2001-12-10 |
Abstract
"It shall be unlawful for any bank, whether government-owne d or private, local or foreign to impose fees or charges on depositors who cannot comply with the required minimum maintaining balance in savings or current accounts by deducting certain amounts from depositor's remaining balance of his/her deposit."
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.