Senate Bill S77

2011-2012 Legislative Session

Enables senior citizens to cash social security checks without maintaining an account at the bank honoring such check

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee Rules Committee

  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2011-S77 (ACTIVE) - Details

See Assembly Version of this Bill:
A4267
Current Committee:
Senate Rules
Law Section:
Banking Law
Laws Affected:
Add §6-n, Bank L
Versions Introduced in Other Legislative Sessions:
2009-2010: S7946, A2600
2013-2014: S71, A6025
2015-2016: S2226

2011-S77 (ACTIVE) - Summary

Directs every banking organization or foreign banking corporation transacting business in this state to cash properly endorsed social security checks presented by the payee, upon sufficient identification, notwithstanding the fact that such payee does not maintain an account with such organization or corporation, upon proof that such payee is sixty-two years of age or older; defines "sufficient identification".

2011-S77 (ACTIVE) - Sponsor Memo

2011-S77 (ACTIVE) - Bill Text download pdf 

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                   77

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                               (PREFILED)

                             January 5, 2011
                               ___________

Introduced by Sens. PERALTA, MONTGOMERY -- read twice and ordered print-
  ed, and when printed to be committed to the Committee on Banks

AN  ACT  to  amend  the  banking  law, in relation to the negotiation of
  social security checks

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1.  The banking law is amended by adding a new section 6-n to
read as follows:
  S 6-N. NEGOTIATING SOCIAL SECURITY CHECKS. EVERY BANKING  ORGANIZATION
OR  FOREIGN BANKING CORPORATION TRANSACTING BUSINESS IN THIS STATE SHALL
CASH PROPERLY ENDORSED SOCIAL SECURITY CHECKS PRESENTED  BY  THE  PAYEE,
UPON SUFFICIENT IDENTIFICATION, NOTWITHSTANDING THE FACT THAT SUCH PAYEE
DOES NOT MAINTAIN AN ACCOUNT WITH SUCH ORGANIZATION OR CORPORATION, UPON
PROOF  THAT SUCH PAYEE IS SIXTY-TWO YEARS OF AGE OR OLDER.  FOR PURPOSES
OF THIS SECTION, "SUFFICIENT IDENTIFICATION" SHALL MEAN A PICTURE  IDEN-
TIFICATION  CARD  ISSUED  TO SUCH PAYEE BY THE DEPARTMENT OF MOTOR VEHI-
CLES, A SHERIFF'S DEPARTMENT OR A BANKING ORGANIZATION WHERE SUCH  CHECK
IS PRESENTED FOR PAYMENT.
  S  2.  This  act  shall take effect on the sixtieth day after it shall
have become a law.




 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD03358-01-1

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