S T A T E O F N E W Y O R K
________________________________________________________________________
1693
2009-2010 Regular Sessions
I N A S S E M B L Y
January 9, 2009
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Introduced by M. of A. DINOWITZ, GREENE, KELLNER -- Multi-Sponsored by
-- M. of A. ALFANO, BARRA, COLTON, WALKER -- read once and referred to
the Committee on Banks
AN ACT to amend the banking law, in relation to ensuring that account
numbers are not printed on receipts from banks
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. BANK RECEIPTS; PRINTING OF COMPLETE ACCOUNT NUMBERS PROHIBITED.
1. NO BANK, CREDIT UNION, TRUST COMPANY, SAVINGS BANK, OR STATE OR
FEDERAL SAVINGS AND LOAN ASSOCIATION HAVING AS ITS PURPOSE OR AMONG ITS
PURPOSES THE CONDUCTING OF FINANCIAL TRANSACTIONS WITH CUSTOMERS,
INCLUDING BUT NOT LIMITED TO WITHDRAWALS AND DEPOSITS, SHALL PRINT UPON
ANY RECEIPT PROVIDED TO THE CUSTOMER MORE THAN THE LAST FIVE DIGITS OF
ANY BANK ACCOUNT OR MORE THAN THE LAST FIVE DIGITS OF THE CHARGE, CREDIT
OR DEBIT CARD ACCOUNT NUMBER USED IN A TRANSACTION.
2. THIS SECTION SHALL APPLY ONLY TO RECEIPTS THAT ARE ELECTRONICALLY
PRINTED AND SHALL NOT APPLY TO TRANSACTIONS IN WHICH THE SOLE MEANS OF
RECORDING THE CUSTOMER'S ACCOUNT NUMBER IS BY HANDWRITING.
3. THE PROVISIONS OF THIS SECTION SHALL APPLY TO ALL BANK MACHINES OR
OTHER DEVICES WHICH ELECTRONICALLY PRINT RECEIPTS FOR FINANCIAL TRANS-
ACTIONS, INCLUDING AUTOMATED TELLER MACHINES AS DEFINED IN SECTION
SEVENTY-FIVE-B OF THIS CHAPTER, THAT ARE PLACED IN SERVICE ON OR AFTER
JANUARY FIRST, TWO THOUSAND TEN.
4. FOR ALL BANK MACHINES OR OTHER DEVICES THAT ELECTRONICALLY PRINT
RECEIPTS FOR FINANCIAL TRANSACTIONS IN SERVICE PRIOR TO JANUARY FIRST,
TWO THOUSAND TEN, THE PROVISIONS OF THIS SECTION SHALL NOT APPLY UNTIL
JANUARY FIRST, TWO THOUSAND THIRTEEN.
5. A BANK, CREDIT UNION, TRUST COMPANY, SAVINGS BANK, OR STATE OR
FEDERAL SAVINGS AND LOAN ASSOCIATION WHO VIOLATES THIS SECTION SHALL BE
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD02758-01-9
A. 1693 2
GIVEN NOTICE WITH SPECIFICITY OF SUCH VIOLATION AND BE GRANTED TWO WEEKS
TO CORRECT SUCH VIOLATION IN ITS ENTIRETY. IF SUCH VIOLATION IS NOT
CORRECTED IN ITS ENTIRETY AT THE END OF SUCH TWO-WEEK PERIOD, THE
VIOLATION SHALL BE PUNISHABLE BY A CIVIL PENALTY OF FIVE HUNDRED
DOLLARS, AND THE VIOLATOR SHALL BE GRANTED AN ADDITIONAL ONE WEEK IN
WHICH TO CORRECT SUCH VIOLATION IN ITS ENTIRETY. IF SUCH VIOLATION IS
NOT CORRECTED IN ITS ENTIRETY AT THE END OF SUCH ONE-WEEK PERIOD, SUCH
VIOLATION SHALL BE PUNISHABLE BY A CIVIL PENALTY OF ONE THOUSAND DOLLARS
PER WEEK UNTIL SUCH VIOLATION IS CORRECTED IN ITS ENTIRETY. THE AGGRE-
GATE PENALTIES IMPOSED ON A BANK, CREDIT UNION, TRUST COMPANY, SAVINGS
BANK, OR STATE OR FEDERAL SAVINGS AND LOAN ASSOCIATION FOR VIOLATIONS OF
THIS SECTION SHALL NOT EXCEED FOUR THOUSAND FIVE HUNDRED DOLLARS FOR
VIOLATIONS OCCURRING ON THE SAME PREMISES.
S 2. This act shall take effect January 1, 2010.