BILL · 2005–06 SESSION · LATEST VERSION SSB 6520

SB 6520: Cashing checks

Regulating cashing checks.

Summary

  • Payor financial institutions, with both state and federal charters,must honor checks drawn against an account with sufficient balance "at par," without regard to whether the payee holds an account at the financial institution. Under the Uniform Commercial Code (UCC), certain penalties apply for failure to do so.

From the Senate Bill Report (SB 6520), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · stalled on the Senate floor
  1. IntroducedJan 13, 2006
  2. Out of committeeFeb 2, 2006
  3. Passed Senatestopped here
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
Don Benton (R-17)
Introduced
January 13, 2006 in the Senate
Last action
February 24, 2006
Versions
SB 6520, SSB 6520

AN ACT Relating to cashing checks;

Sponsors

Prime sponsor: Don Benton (R-17)

5 co-sponsors (3 Democrats, 2 Republicans)

Votes

No recorded floor votes.

History

  1. Senate Rules "X" file. (SSB 6520)
  2. Senate Rules "X" file.
  3. Made eligible to be placed on second reading. (SSB 6520)
  4. Made eligible to be placed on second reading.
  5. Passed to Rules Committee for second reading. (SSB 6520)
  6. FHC - Majority; 1st substitute bill be substituted, do pass. (SSB 6520)
  7. Minority; without recommendation. (SSB 6520)
  8. Minority; without recommendation.
  9. FHC - Majority; 1st substitute bill be substituted, do pass.
  10. Passed to Rules Committee for second reading.
  11. First reading, referred to Financial Institutions, Housing & Consumer Protection.

SB 6520 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

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