2013 Senate Bill 566

Require financial institution joint account customer disclosures

Introduced in the Senate

Oct. 1, 2013

Introduced by Sen. Coleman Young (D-1)

To require savings banks to disclose to individuals opening a joint account the particular characteristics of these accounts, including what happens when one account owner dies, and the fact that each account owner has the right to remove money from the account.

Referred to the Committee on Banking and Financial Institutions