OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 (860) 240-0200

http: //www. cga. ct. gov/ofa

sHB-5003

AN ACT REQUIRING NOTICE OF IMPOSITION OF DORMANCY FEES ON INACTIVE DEPOSIT ACCOUNTS.

As Amended by House "A" (LCO 6348)

House Calendar No. : 128

OFA Fiscal Note

State Impact: None

Municipal Impact: None

Explanation

This bill requires financial institutions to mail a notice regarding dormant deposit accounts, and has no fiscal impact.

House “A” changes the timeframe for dormancy notice mailings and does not result in a fiscal impact.

The Out Years

State Impact: None

Municipal Impact: None