Assembly Bill A3886

2009-2010 Legislative Session

Relates to reporting of financial exploitation; and establishes a financial exploitation, outreach, education and training program and fund

download bill text pdf

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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-A3886 (ACTIVE) - Details

Current Committee:
Assembly Banks
Law Section:
Banking Law
Laws Affected:
Add §9-v, Bank L; amd §202, add §219-a, Eld L; add §99-q, St Fin L
Versions Introduced in Other Legislative Sessions:
2011-2012: A4541
2013-2014: A5604
2015-2016: A2481

2009-A3886 (ACTIVE) - Summary

Relates to reporting of financial exploitation; and establishes a financial exploitation, outreach, education and training program and fund.

2009-A3886 (ACTIVE) - Bill Text download pdf

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

                                  3886

                       2009-2010 Regular Sessions

                          I N  A S S E M B L Y

                            January 28, 2009
                               ___________

Introduced  by  M. of A. ENGLEBRIGHT, JACOBS, BENEDETTO, MAISEL, FIELDS,
  J. RIVERA, KOON, LUPARDO, ESPAILLAT, SCHROEDER,  DelMONTE,  MAYERSOHN,
  TITUS, MILLMAN, CYMBROWITZ, PEOPLES, DINOWITZ, BING, ROBINSON, ALFANO,
  PHEFFER,  MARKEY,  CLARK,  GABRYSZAK,  HOOPER,  ROSENTHAL,  GORDON  --
  Multi-Sponsored by -- M. of A. ABBATE, ALESSI, BARRA, BRODSKY,  BROOK-
  KRASNY,  CARROZZA,  CHRISTENSEN,  DESTITO,  DIAZ,  EDDINGTON, FARRELL,
  GOTTFRIED,  HYER-SPENCER,  JEFFRIES,  V. LOPEZ,  MAGNARELLI,  McENENY,
  ORTIZ,  PERRY,  REILLY,  SEMINERIO, SWEENEY, TOWNS, WEISENBERG -- read
  once and referred to the Committee on Banks

AN ACT to amend the banking law and the elder law, in relation to finan-
  cial exploitation and to amend the state finance law, in  relation  to
  establishing  the  financial  exploitation,  outreach,  education  and
  training fund

  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. REPORTING OF SUSPECTED FINANCIAL EXPLOITATION. 1.  AS  USED  IN
THIS SECTION, THE FOLLOWING TERMS SHALL HAVE THE FOLLOWING MEANINGS:
  (A) "FINANCIAL INSTITUTION" SHALL MEAN ANY OF THE FOLLOWING:
  (1) A DEPOSITORY INSTITUTION, AS DEFINED IN SECTION 3(C) OF THE FEDER-
AL DEPOSIT INSURANCE ACT (12 U.S.C. SEC. 1813(C)).
  (2) AN INSTITUTION-AFFILIATED PARTY, AS DEFINED IN SECTION 3(U) OF THE
FEDERAL DEPOSIT INSURANCE ACT (12 U.S.C. SEC. 1813(U)).
  (3)  A  FEDERAL  CREDIT  UNION  OR  STATE  CREDIT UNION, AS DEFINED IN
SECTION 101 OF THE FEDERAL CREDIT  UNION  ACT  (12  U.S.C.  SEC.  1752),
INCLUDING,  BUT  NOT  LIMITED  TO,  AN INSTITUTION-AFFILIATED PARTY OF A
CREDIT UNION, AS DEFINED IN SECTION 206(R) OF THE FEDERAL  CREDIT  UNION
ACT (12 U.S.C.  SEC. 1786(R)).
  (B) "ELDERLY PERSON" SHALL MEAN A PERSON SIXTY YEARS OF AGE OR OLDER.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD07115-01-9

              

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