Banking Law (Customer Service) (Amendment – Limiting the Fee for a Bank Guarantee Secured by a Specific Cash Deposit) Bill
Translated from Hebrew: הצעת חוק הבנקאות (שירות ללקוח) (תיקון - הגבלת עמלת ערבות בנקאית שמובטחת בפיקדון כספי מסוים)
TL;DRA bill limiting the fee a bank may charge for issuing a bank guarantee secured by a cash deposit to no more than NIS 200.
Translated from Hebrew
What does the bill do?
The bill adds a section to the Banking (Service to Customer) Law setting that a banking corporation may charge only a one-time fee for issuing a bank guarantee secured by a cash deposit, in an amount not exceeding NIS 200. The explanatory notes state that those requesting guarantees are required to pay a high fee even though the guarantee is backed by a deposit and the bank does not perform significant actions, and therefore the bill aims to limit this fee.
The votes on this bill
Coalition 72 seats
Opposition 48 seats
Tap an MK for detailsChanged position between readingsOnly MKs who held a seat on the day of the vote are shown