Passbook savings accounts - Service charge prohibited.

Checkout our iOS App for a better way to browser and research.

It shall be unlawful for any regulated institution or other insured-deposit-taking institution duly organized under the laws of the United States, to charge any service charge whatsoever for the holding of passbook savings deposits or accounts.

History of Section.
P.L. 1995, ch. 82, § 47.


Download our app to see the most-to-date content.