Assembly Bill A6649

2015-2016 Legislative Session

Requires banks to post information about basic banking services

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Assembly 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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2015-A6649 (ACTIVE) - Details

See Senate Version of this Bill:
S6241
Current Committee:
Assembly Banks
Law Section:
Banking Law
Laws Affected:
Amd §14-f, Bank L
Versions Introduced in Other Legislative Sessions:
2009-2010: A3545
2011-2012: A3088
2013-2014: A4336
2017-2018: S2457

2015-A6649 (ACTIVE) - Summary

Requires banks to post information about basic banking services near their exits and entrances, including information concerning minimum balances, initial deposits, maximum fees chargeable, and withdrawal limitations.

2015-A6649 (ACTIVE) - Bill Text download pdf 

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

                                  6649

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                             March 30, 2015
                               ___________

Introduced  by  M.  of  A.  PERRY  --  Multi-Sponsored  by  --  M. of A.
  BROOK-KRASNY, GLICK, GOTTFRIED, HIKIND, HOOPER,  RIVERA,  ROBINSON  --
  read once and referred to the Committee on Banks

AN  ACT to amend the banking law, in relation to requiring banks to post
  notices of basic banking services available

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

  Section  1. Subdivision 8 of section 14-f of the banking law, as added
by chapter 1 of the laws of 1994, is amended to read as follows:
  8. [Where a] A banking institution [posts in the public  area  of  its
offices  notice  of  the  availability of its other consumer transaction
accounts, it] shall [also] post [equally] conspicuous notice  in  [such]
public  areas [and in the same manner] NEAR CUSTOMER EXITS AND ENTRANCES
REGARDING the availability  of  its  basic  banking  accounts  INCLUDING
INFORMATION  CONCERNING MINIMUM BALANCES, INITIAL DEPOSITS, MAXIMUM FEES
CHARGEABLE AND LIMITATIONS ON WITHDRAWAL TRANSACTIONS. Where  a  banking
institution makes available in such public areas material describing the
terms  of  its  other  consumer transaction accounts, it shall also make
comparable descriptive material available in the same such areas and  in
the same manner for its basic banking account.
  S  2.  This  act shall take effect on the thirtieth day after it shall
have become a law.




 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD03747-01-5

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