Financial Institutions

Community Obligations and Banking Offenses

SECTION 19-9-19

§ 19-9-19. Checks on consumer deposit accounts to show date account was opened.

(a) All checks, drafts, or similar negotiable or non-negotiable instruments or orders of withdrawal that are drawn against funds held by a regulated institution, as defined in this title, shall clearly display on the face the month and year in which the account was opened. This section does not apply to temporary checks, drafts, similar negotiable or non-negotiable instruments, or orders of withdrawal.

(b) For the purposes of this section, the term "consumer deposit account" means a demand or other similar deposit account established and maintained by a natural person with a regulated institution and operated primarily for personal, family, or household purposes.

(c) No liability or penalty shall be imposed on any depositor, regulated institution, or printer for an unintentional failure to comply with this section.

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