Senate Bill S7790

2013-2014 Legislative Session

Authorizes and regulates the use of payroll card accounts

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee Labor 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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2013-S7790 (ACTIVE) - Details

See Assembly Version of this Bill:
A10056
Current Committee:
Senate Labor
Law Section:
Labor Law
Laws Affected:
Amd §§190, 192, 197 & 198, add §§192-a - 192-c, Lab L
Versions Introduced in 2015-2016 Legislative Session:
S4685, A6811, A5968

2013-S7790 (ACTIVE) - Summary

Authorizes and regulates the use of payroll card accounts.

2013-S7790 (ACTIVE) - Sponsor Memo

2013-S7790 (ACTIVE) - Bill Text download pdf

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

                                  7790

                            I N  S E N A T E

                              June 9, 2014
                               ___________

Introduced  by  Sen. GALLIVAN -- (at request of the Attorney General) --
  read twice and ordered printed, and when printed to  be  committed  to
  the Committee on Labor

AN ACT to amend the labor law, in relation to authorizing and regulating
  the use of payroll cards

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

  Section 1. Section 190 of the labor law is amended by adding eight new
subdivisions 10, 11, 12, 13, 14, 15, 16 and 17 to read as follows:
  10. "ACCOUNT" MEANS A DEMAND DEPOSIT  (CHECKING),  SAVINGS,  OR  OTHER
CONSUMER  ASSET  ACCOUNT  (OTHER THAN AN OCCASIONAL OR INCIDENTAL CREDIT
BALANCE IN A CREDIT PLAN) HELD DIRECTLY OR  INDIRECTLY  BY  A  FINANCIAL
INSTITUTION AND ESTABLISHED PRIMARILY FOR PERSONAL, FAMILY, OR HOUSEHOLD
PURPOSES.
  11.  "ELECTRONIC  FUND  TRANSFER"  MEANS ANY TRANSFER OF FUNDS THAT IS
INITIATED  THROUGH  AN  ELECTRONIC  TERMINAL,  TELEPHONE,  COMPUTER,  OR
MAGNETIC TAPE FOR THE PURPOSE OF ORDERING, INSTRUCTING, OR AUTHORIZING A
FINANCIAL  INSTITUTION  TO  DEBIT  OR  CREDIT AN EMPLOYEE'S PAYROLL CARD
ACCOUNT. ELECTRONIC FUND TRANSFER INCLUDES, BUT IS NOT LIMITED TO:
  A. POINT-OF-SALE TRANSFERS;
  B. AUTOMATED TELLER MACHINE TRANSFERS;
  C. DIRECT DEPOSITS OR WITHDRAWALS OF FUNDS;
  D. TRANSFERS INITIATED BY TELEPHONE; AND
  E. TRANSFERS RESULTING FROM DEBIT CARD TRANSACTIONS,  WHETHER  OR  NOT
INITIATED THROUGH AN ELECTRONIC TERMINAL.
  12.  "PAYROLL CARD ACCOUNT" MEANS AN ACCOUNT THAT IS DIRECTLY OR INDI-
RECTLY ESTABLISHED THROUGH OR BY AN EMPLOYER AND INTO WHICH AN  EMPLOYER
DIRECTLY OR INDIRECTLY DEPOSITS AN EMPLOYEE'S WAGES THROUGH AN ELECTRON-
IC FUNDS TRANSFER.
  13. "PAYROLL CARD ISSUER" MEANS ANY EMPLOYER, BANK, FINANCIAL INSTITU-
TION,  THIRD-PARTY PAYROLL PROCESSOR, OR ANY OTHER PERSON OR ENTITY THAT
ISSUES A PAYROLL CARD TO AN EMPLOYEE ON BEHALF OF AN EMPLOYER.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD14104-05-4

              

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