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The Vermont Statutes Online



Title

08

:
Banking and Insurance






Chapter

200

:
CONSUMER PROTECTION






Subchapter

005
:
BANK PRODUCTS; PROHIBITIONS










 

§

10503. Quarterly survey on basic banking

The

Commissioner, on a quarterly basis, shall survey all depository institutions

doing business in this State, to determine the cost and availability of basic

checking and savings account services in the results of any two consecutive

surveys. The basic checking account services survey shall include an index of

the annual cost of services typically used by a basic banking customer. The

survey shall also include each surveyed banking institution's returned check charge

and charge for cashing noncustomer government checks. The Commissioner shall

release the results of these quarterly surveys to the news media and may take

other actions he or she deems appropriate to make the survey information

available to the general public. The Commissioner shall include an analysis

regarding the cost and availability of basic banking services in his or her

annual report required by section 14 of this title. (Added 1999, No. 153 (Adj.

Sess.), § 2, eff. Jan. 1, 2001.)