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Assembly Bill A3545

2009-2010 Legislative Session

Requires banks to post information about basic banking services

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Archive: Last Bill Status - In Assembly Committee

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2009-A3545 (ACTIVE) - Details

Current Committee:
Assembly Banks
Law Section:
Banking Law
Laws Affected:
Amd ยง14-f, Bank L
Versions Introduced in Other Legislative Sessions:
2011-2012: A3088
2013-2014: A4336
2015-2016: A6649

2009-A3545 (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.

2009-A3545 (ACTIVE) - Bill Text download pdf 

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

                                  3545

                       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.
  BROOK-KRASNY,  GLICK,  GOTTFRIED,  GREENE,  HIKIND,  HOOPER,   JACOBS,
  V. LOPEZ,  McENENY,  MENG,  PHEFFER,  J. RIVERA,  N. RIVERA, ROBINSON,
  TOWNS -- 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.
                                                           LBD01694-01-9

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