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HB0210 • 2024

Checking account disclosures-repeal.

AN ACT relating to banks, banking and finance; repealing a provision related to disclosures on the face of checks and other instruments; repealing related definitions; making conforming amendments; and providing for an effective date.

Labor
Did Not Pass

The latest official action shows that this bill did not move forward in that session.

Sponsor
Representative Jennings
Last action
2024-02-16
Official status
inactive
Effective date
3/1/2024

Plain English Breakdown

The bill did not pass and was not considered for introduction, so it does not have an effective date or further details on conforming amendments.

Repealing Check Disclosures

The bill removes requirements for financial institutions to include certain disclosures on checks and other payment instruments.

What This Bill Does

  • Removes the requirement for banks, savings and loan associations, trust companies, and credit unions to put specific information on checks and similar documents.
  • Eliminates definitions related to these disclosure rules from Wyoming state laws.

Who It Names or Affects

  • Financial institutions in Wyoming that issue checks or other payment instruments.

Terms To Know

Financial institution
A bank, savings and loan association, trust company, credit union, or a branch of an out-of-state bank operating in Wyoming.

Limits and Unknowns

  • The bill did not pass and was not considered for introduction.
  • It is unclear how the removal of these requirements will affect consumers using check-based financial services.

Bill History

  1. 2024-02-16 House

    H Did not Consider for Introduction

  2. 2024-02-15 House

    H Received for Introduction

  3. 2024-02-14 LSO

    Bill Number Assigned

Current Bill Text

Read the full stored bill text 
24LSO-0519
2024
STATE OF WYOMING
24LSO-0519
Numbered
2.0

HOUSE BILL NO. HB0210

Checking account disclosures-repeal.

Sponsored by: Representative(s) Jennings, Heiner, Pendergraft, Slagle, Strock, Styvar and Ward and Senator(s) Laursen, D

A BILL

for

AN ACT relating to banks, banking and finance; repealing a provision related to disclosures on the face of checks and other instruments; repealing related definitions; making conforming amendments; and providing for an effective date.

Be It Enacted by the Legislature of the State of Wyoming:

Section 1
.

W.S. 1
‑
15
‑
102(a)(xiv), 13
‑
1
‑
701(a)(iv) and 40
‑
14
‑
505(e) are amended to read:

1
‑
15
‑
102.

Definitions.

(a)

As used in this chapter unless otherwise defined:

(xiv)

"Financial institution" means
as defined in W.S. 13
‑
1
‑
401(a)(ii)
any bank, savings and loan association, trust company or credit union having a place of business in Wyoming, whether chartered or organized under the laws of Wyoming or the laws of the United States. "Financial institution" includes a Wyoming branch of an out
‑
of
‑
state bank resulting from an interstate merger pursuant to title 13, chapter 2, article 8 of the Wyoming statutes
.

13
‑
1
‑
701.

Definitions.

(a)

As used in this article:

(iv)

"Financial institution" means
as defined by W.S. 13
‑
1
‑
401(a)(ii)
any bank, savings and loan association, trust company or credit union having a place of business in Wyoming, whether chartered or organized under the laws of Wyoming or the laws of the United States. "Financial institution" includes a Wyoming branch of an out
‑
of
‑
state bank resulting from an interstate merger pursuant to article 8 of chapter 2 of this title
and, for purposes of this article, shall include broker
‑
dealers as defined in W.S. 17
‑
4
‑
102(a)(iv) and investment advisers as defined in W.S. 17
‑
4
‑
102(a)(xv);

40
‑
14
‑
505.

Limitation on garnishment.

(e)

As used in this section, "financial institution" means
as defined in W.S. 13
‑
1
‑
401(a)(ii)
any bank, savings and loan association, trust company or credit union having a place of business in Wyoming, whether chartered or organized under the laws of Wyoming or the laws of the United States. "Financial institution" includes a Wyoming branch of an out
‑
of
‑
state bank resulting from an interstate merger pursuant to title 13, chapter 2, article 8 of the Wyoming statutes
.

Section 2.

W.S. 13
‑
1
‑
401 and 13
‑
1
‑
402 are repealed.

Section 3
.

This act is effective July 1, 2024
.

(END)

1
HB0210