Do you support this bill?

Assembly Bill A3134

2009-2010 Legislative Session

Requires financial institutions to notify a customer prior to charging a fee based on account inactivity

download bill text pdf

Sponsored By

Archive: Last Bill Status - On Floor Calendar

Please enter your contact information

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.

Actions

co-Sponsors

multi-Sponsors

2009-A3134 (ACTIVE) - Details

See Assembly Version of this Bill:
A9352
Law Section:
Banking Law
Laws Affected:
Add ยง9-v, Bank L
Versions Introduced in Other Legislative Sessions:
2011-2012: A2795
2013-2014: A2549, A8692
2015-2016: A3062
2017-2018: A7740
2019-2020: A1935, A9140

2009-A3134 (ACTIVE) - Summary

Requires financial institutions to notify a customer thirty days prior to charging a fee based on account inactivity; such notice shall include a telephone number and the full contact information of a representative of the financial institution responsible for resolving any matter relating to the fee.

2009-A3134 (ACTIVE) - Bill Text download pdf 

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

                                  3134

                       2009-2010 Regular Sessions

                          I N  A S S E M B L Y

                            January 23, 2009
                               ___________

Introduced  by  M. of A. BRADLEY, ORTIZ, CAHILL, CHRISTENSEN, MAYERSOHN,
  BOYLAND, ALFANO, FIELDS, PHEFFER, COLTON -- Multi-Sponsored by  --  M.
  of  A.  BARRA,  PEOPLES  -- read once and referred to the Committee on
  Banks

AN ACT to amend the banking law,  in  relation  to  requiring  financial
  institutions  to  notify  a  customer prior to charging a fee based on
  account inactivity

  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 9-v to
read as follows:
  S 9-V. FEES BASED ON  INACTIVITY;  NOTIFICATION.  NOTWITHSTANDING  ANY
OTHER PROVISION OF LAW OR RULE OR REGULATION TO THE CONTRARY, ANY FINAN-
CIAL  INSTITUTION  SUBJECT  TO THE PROVISIONS OF THIS CHAPTER, INCLUDING
ANY BANK, TRUST COMPANY, SAVINGS BANK,  SAVINGS  AND  LOAN  ASSOCIATION,
CREDIT  UNION,  MORTGAGE  BROKER,  MORTGAGE  BANKER, OR OTHER INVESTMENT
ENTITY,  WHETHER  HEADQUARTERED  WITHIN  OR  OUTSIDE  THE  STATE,  WHICH
PROVIDES  AN  ACCOUNT  TO A CUSTOMER SHALL PROVIDE WRITTEN NOTICE OF THE
PENDING CHARGES TO A CUSTOMER THIRTY DAYS  PRIOR  TO  CHARGING  ANY  FEE
BASED  ON  ACCOUNT  INACTIVITY.  SUCH  NOTICE  SHALL INCLUDE A TELEPHONE
NUMBER AND FULL CONTACT INFORMATION FOR A REPRESENTATIVE OF  THE  FINAN-
CIAL  INSTITUTION  RESPONSIBLE  FOR RESOLVING ANY MATTER RELATING TO THE
FEE.
  S 2. This act shall take effect on the ninetieth day  after  it  shall
have become a law.



 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD03267-01-9

Comments

Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.

Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.

Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.