Assembly Bill A3459

2009-2010 Legislative Session

Prohibits employer withdrawal from direct deposit account without notice to and permission from account owner

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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2009-A3459 (ACTIVE) - Details

See Senate Version of this Bill:
S2166
Current Committee:
Assembly Banks
Law Section:
Banking Law
Laws Affected:
Add ยง8-a, Bank L
Versions Introduced in Other Legislative Sessions:
2011-2012: S1493
2013-2014: S2911

2009-A3459 (ACTIVE) - Summary

Prohibits employer withdrawal from direct deposit account without notice to and permission from account owner, who must be given 15 days notice of withdrawal and must give depository bank written permission therefor; provides that this section shall not be construed to supersede any such withdrawal otherwise authorized by law or court order.

2009-A3459 (ACTIVE) - Bill Text download pdf 

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

                                  3459

                       2009-2010 Regular Sessions

                          I N  A S S E M B L Y

                            January 27, 2009
                               ___________

Introduced  by  M.  of A. PERRY -- Multi-Sponsored by -- M. of A. CLARK,
  GABRYSZAK, JOHN, ROBINSON, TOWNS -- read  once  and  referred  to  the
  Committee on Banks

AN ACT to amend the banking law, in relation to certain withdrawals from
  accounts to which direct deposits have been authorized

  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  8-a  to
read as follows:
  S  8-A.  DIRECT  DEPOSIT  AGREEMENTS WITH EMPLOYERS. NO DIRECT DEPOSIT
AGREEMENT WITH AN EMPLOYER SHALL  AUTHORIZE  ANY  WITHDRAWALS  FROM  THE
ACCOUNT  INTO  WHICH SUCH DIRECT DEPOSITS ARE TO BE MADE BY ANYONE OTHER
THAN THE ACCOUNT OWNER, UNLESS AT LEAST FIFTEEN DAYS' WRITTEN NOTICE  IS
GIVEN BY THE DEPOSITORY BANKING ORGANIZATION TO SUCH OWNER.  SUCH NOTICE
SHALL  BE SENT BY REGULAR MAIL TO THE ACCOUNT OWNER'S LAST KNOWN ADDRESS
ON RECORD.  THIS SECTION SHALL NOT BE CONSTRUED TO  SUPERSEDE  ANY  SUCH
WITHDRAWAL  OTHERWISE AUTHORIZED BY LAW OR ORDER OF A COURT OF COMPETENT
JURISDICTION.
  S 2. This act shall take effect immediately.





 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD01693-01-9

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