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Assembly Bill A3315

2011-2012 Legislative Session

Increases number of withdrawal transactions from basic banking accounts for account holders over sixty years of age to twelve from eight

download bill text pdf

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Archive: Last Bill Status - In Senate Committee Banks Committee

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2011-A3315 (ACTIVE) - Details

See Senate Version of this Bill:
S3652
Current Committee:
Senate Banks
Law Section:
Banking Law
Laws Affected:
Amd ยง14-f, Bank L
Versions Introduced in Other Legislative Sessions:
2009-2010: A3072, S5599
2013-2014: A3073, S6308
2015-2016: A4534, S6242
2017-2018: A7617, S2452
2019-2020: A1940, S2245

2011-A3315 (ACTIVE) - Summary

Increases the minimum number of authorized withdrawal transactions at no charge from basic banking accounts for account holders sixty-five years of age or older from eight to twelve.

2011-A3315 (ACTIVE) - Bill Text download pdf 

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

                                  3315

                       2011-2012 Regular Sessions

                          I N  A S S E M B L Y

                            January 24, 2011
                               ___________

Introduced by M. of A. CLARK, COLTON, GLICK, ORTIZ -- Multi-Sponsored by
  -- M. of A. BRENNAN, CYMBROWITZ, DINOWITZ, GOTTFRIED, V. LOPEZ, MAGEE,
  MAYERSOHN,  PERRY,  SWEENEY,  WRIGHT  -- read once and referred to the
  Committee on Banks

AN ACT to amend the banking law, in relation to the number of withdrawal
  transactions from a basic banking account

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

  Section 1. Paragraph (c) of subdivision 2 of section 14-f of the bank-
ing  law,  as added by chapter 1 of the laws of 1994, is amended to read
as follows:
  (c) eight withdrawal transactions FOR ACCOUNT HOLDERS UNDER SIXTY-FIVE
YEARS OF AGE, AND TWELVE WITHDRAWAL  TRANSACTIONS  FOR  ACCOUNT  HOLDERS
SIXTY-FIVE YEARS OF AGE OR OLDER, including those conducted at electron-
ic  facilities, during any periodic cycle at no additional charge to the
account holder; and
  S 2. This act shall take effect on the sixtieth  day  after  it  shall
have become a law.





 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD06558-01-1

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