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United States · Bill · HR

H.R. 4414 (109th)

Overdraft Fee Notification Act

referredUnited States· United States Congress· EN

Introduced

18 November 2005

Last action

Status

Referred to the Subcommittee on Financial Institutions and Consumer Credit.

Sponsors

Subjects

Discovery layer

Source updated

15 August 2025

Summary

Overdraft Fee Notification Act - Amends the Electronic Fund Transfer Act to prohibit a financial institution from imposing a fee or charge for overdraft protection service unless it has disclosed such charge to the consumer before the completion of the transaction that would result in an overdraft. Sets forth disclosure requirements. Requires such an institution to disclose in periodic statements to the consumer the annual percentage rate which the overdraft fee represents.

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Documents

3 official files

Introduced in House (text)

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Sources

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