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HB18-1248

Unauthorized Funds Transfers Consumer Protection

Concerning unauthorized electronic funds transfers.
Session:
2018 Regular Session
Subjects:
Crimes, Corrections, & Enforcement
Financial Services & Commerce
Bill Summary

Current law requires each Colorado bank that engages in electronic funds transfers to provide certain protections to each 'account holder', which is defined as a person having an established demand, savings, or loan account at a Colorado bank. The bill amends the law to require banks to provide such protections to each 'consumer', which is defined as an individual who enters into a transaction primarily for personal, family, or household purposes.


(Note: This summary applies to this bill as introduced.)

Status

Introduced
Lost

Bill Text

Sponsors

Sponsor Type Legislators
Prime Sponsor

Rep. T. Kraft-Tharp, Rep. L. Sias
Sen. K. Priola, Sen. A. Williams

Sponsor

Co-sponsor