No bank, Connecticut credit union or federal credit union may charge a fee or a penalty for an overdraft if such overdraft is due to an error on a direct deposit tape of the Social Security Administration or an accidental omission from such tape.
(P.A. 79-248, S. 1, 2; P.A. 94-122, S. 144, 340.)
History: P.A. 94-122 applied the prohibition on overdraft charges to all state and federal banks and credit unions, effective January 1, 1995; Sec. 36-9o transferred to Sec. 36a-303 in 1995.
Structure Connecticut General Statutes
Title 36a - The Banking Law of Connecticut
Section 36a-290. (Formerly Sec. 36-3). - Joint deposit and share accounts.
Section 36a-293. (Formerly Sec. 36-5). - Adverse claim to deposit account or share account.
Section 36a-296. (Formerly Sec. 36-110). - Deposits or share accounts in trust.
Section 36a-297. (Formerly Sec. 36-111). - Deposits or share accounts of minors.
Section 36a-298. (Formerly Sec. 36-106). - Notice of withdrawals.
Section 36a-300. (Formerly Sec. 36-108). - School savings deposits and time deposits.
Section 36a-301. (Formerly Sec. 36-9q). - Tax and loan accounts and note accounts.
Section 36a-303. (Formerly Sec. 36-9o). - Charge for overdraft, when prohibited.
Section 36a-305. (Formerly Sec. 36-9cc). - Regulations re cashing state checks.
Section 36a-307. (Formerly Sec. 36-9dd). - Interest on savings deposit accounts.
Section 36a-308. - Savings promotion raffles.
Section 36a-309. - Basic banking accounts.
Section 36a-315. (Formerly Sec. 36-27a). - Short title: Deposit Account Contract Act.
Section 36a-316. (Formerly Sec. 36-27b). - Definitions.
Section 36a-317. (Formerly Sec. 36-27c). - Prohibited acts of financial institutions.
Section 36a-317a. - Charges for stop payment orders.
Section 36a-317b. - Check cashing. Adequate identification.
Section 36a-319. (Formerly Sec. 36-27e). - Deposit account disclosures. List of charges.
Section 36a-320. (Formerly Sec. 36-27f). - Changes in deposit account charges. Notice.
Section 36a-322. (Formerly Sec. 36-27h). - Enforcement powers of commissioner.
Section 36a-323. (Formerly Sec. 36-27i). - Exceptions. Waivers.
Section 36a-330. (Formerly Sec. 36-382). - Definitions.
Section 36a-331. (Formerly Sec. 36-383). - Protection of public deposits.
Section 36a-332. (Formerly Sec. 36-385). - Powers of commissioner.
Section 36a-333. (Formerly Sec. 36-386). - Collateral requirements.
Section 36a-334. (Formerly Sec. 36-387). - Procedure upon loss.
Section 36a-335. (Formerly Sec. 36-388). - Subrogation of commissioner to depositor's rights.
Section 36a-337. (Formerly Sec. 36-390). - Securing of public deposits.
Section 36a-338. (Formerly Sec. 36-391). - Report of public depository. Maintenance of records.