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2004 SESSION

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HB 472 Wages and salaries; deposit into employee account.

Introduced by: Samuel A. Nixon, Jr. | all patrons    ...    notes | add to my profiles | history

SUMMARY AS PASSED:

Payment of wages and salaries; prepaid debit cards. Eliminates the requirement that payments of wages by prepaid debit cards be deposited into a trust account. Payments of wages by credit to prepaid debit cards or card accounts are specifically authorized, provided the employee affirmatively consents and the employer discloses any applicable fees.

SUMMARY AS PASSED HOUSE:

Payment of wages and salaries; prepaid debit cards. Eliminates the requirement that payments of wages by prepaid debit cards be deposited into a trust account. Payments of wages by credit to prepaid debit cards are specifically authorized, provided the employee affirmatively consents and the employer discloses any applicable fees.

SUMMARY AS INTRODUCED:

Payment of wages and salaries; deposit into account. Replaces the reference to "trust account" with respect to payment of wages and salaries by electronic automated fund transfer with "an account from which the employee is able to transfer or withdraw funds electronically."