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2013 SESSION

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HB 1573 Financial institutions; contract provision requiring amendment or waiver to be in writing, etc.

Introduced by: Barbara J. Comstock | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

Financial institutions; contract provision requiring amendment or waiver to be in writing. Provides that if any written contract to which a financial institution is a party contains a provision to the effect that no amendment or waiver of any terms or provisions of the contract is valid unless it is in writing, then any amendment or waiver of any terms or provisions of that contract by conduct, course of practice or dealing, or otherwise shall not apply to future rights and obligations under that contract unless it is in writing. This bill is identical to SB 917.


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