§ 10503 - Quarterly survey on basic banking - Vermont Statutes

§ 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.)