Assembly Bill A5920

2009-2010 Legislative Session

Increases from twenty dollars to thirty dollars the processing fee that holders of dishonored checks may charge

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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-A5920 (ACTIVE) - Details

See Senate Version of this Bill:
S2712
Current Committee:
Assembly Judiciary
Law Section:
General Obligations Law
Laws Affected:
Amd §5-328, Gen Ob L
Versions Introduced in 2011-2012 Legislative Session:
A5510

2009-A5920 (ACTIVE) - Summary

Increases from twenty dollars to thirty dollars the processing fee that holders of dishonored checks may charge.

2009-A5920 (ACTIVE) - Bill Text download pdf

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

                                  5920

                       2009-2010 Regular Sessions

                          I N  A S S E M B L Y

                            February 23, 2009
                               ___________

Introduced  by M. of A. TOWNS -- read once and referred to the Committee
  on Judiciary

AN ACT to amend the general obligations law, in relation  to  processing
  fees charged by holders of dishonored checks

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Paragraph (a) of subdivision 2  of  section  5-328  of  the
general  obligations  law, as amended by chapter 15 of the laws of 1991,
is amended to read as follows:
  (a) The holder of a dishonored check given in payment for  a  consumer
transaction  or  an  account  may  collect  from,  charge, or add to the
outstanding balance of the account of, the person from whom  such  check
was  received  or  to  whom such credit was extended, a dishonored check
charge of not more than  the  lesser  of  the  amount  agreed  upon,  if
contracted for, or [twenty] THIRTY dollars.
  S 2. Subdivision 3 of section 5-328 of the general obligations law, as
added by chapter 529 of the laws of 1995, is amended to read as follows:
  3.  Notwithstanding  any  other provision of law, any person to whom a
check, draft or like instrument, other than a money  order,  bank  cash-
ier's  check  or certified check, is tendered for any transaction, other
than a consumer transaction,  may,  if  such  instrument  is  dishonored
charge or collect from the maker or drawer the amount of [twenty] THIRTY
dollars for the return of such unpaid or dishonored instrument.
  S 3. This act shall take effect immediately.



 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD08643-01-9


              

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