6.2-600 - (Effective October 1, 2010) Checks on consumer deposit accounts to show date account was opened. - Virginia Statutes

§ 6.2-600. (Effective October 1, 2010) Checks on consumer deposit accounts toshow date account was opened.

A. For purposes of this section, "consumer deposit account" means a demandor other similar deposit account established and maintained by an individualwith a financial institution and operated primarily for personal, family, orhousehold purposes.

B. All checks, drafts, or similar negotiable or nonnegotiable instruments ororders of withdrawal which are drawn against funds held by a financialinstitution located in the Commonwealth in a consumer deposit account openedafter December 31, 1981, shall clearly display on the face thereof the monthand year in which the account was opened.

C. This section does not apply to:

1. Temporary checks, drafts, or similar negotiable or nonnegotiableinstruments or orders of withdrawal; or

2. Any consumer deposit account where the applicant either (i) demonstratesthrough the production of monthly statements or (ii) represents in a writingthat states it is made under penalties of perjury, that, for 12 monthsimmediately preceding his application, he has had an account at the same oranother financial institution.

D. No liability or penalty shall be imposed on any depositor, financialinstitution, or printer for an unintentional failure to comply with thissection.

(1981, c. 214, § 6.1-2.9:2; 2010, c. 794.)