senate Bill S5463

2011-2012 Legislative Session

Relates to restrictions on employees of the banking department, collecting assessment fees, suspending mortgage bankers; repealer

download bill text pdf

Sponsored By

Archive: Last Bill Status - Passed Senate


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

view actions (15)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jun 13, 2012 referred to banks
delivered to assembly
passed senate
ordered to third reading cal.1208
committee discharged and committed to rules
Jan 04, 2012 referred to banks
returned to senate
died in assembly
Jun 14, 2011 referred to banks
delivered to assembly
passed senate
Jun 06, 2011 advanced to third reading
Jun 02, 2011 2nd report cal.
Jun 01, 2011 1st report cal.905
May 24, 2011 referred to banks

S5463 - Details

Current Committee:
Law Section:
Banking Law
Laws Affected:
Rpld §28-b sub 2, amd Bank L, generally; amd §254-b, RP L

S5463 - Summary

Relates to restrictions on employees of the banking department, collecting assessment fees, suspending mortgage bankers and brokers for cause and eliminating outdated language and provisions; relates to interest rate increases on mortgage loans after default.

S5463 - Sponsor Memo

S5463 - Bill Text download pdf

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

                                  5463

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                              May 24, 2011
                               ___________

Introduced  by  Sen. GRIFFO -- (at request of the Banking Department) --
  read twice and ordered printed, and when printed to  be  committed  to
  the Committee on Banks

AN  ACT to amend the banking law, in relation to restrictions on employ-
  ees of  the  banking  department,  collecting  assessments  and  fees,
  suspending  mortgage  bankers  and  brokers  for cause and eliminating
  outdated language and provisions; to amend the real property  law,  in
  relation  to  interest  rate increases on mortgage loans after default
  and to repeal certain provisions of the banking law relating thereto

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

  Section 1.  Subdivision 7 of section 14-d of the banking law, as added
by chapter 234 of the laws of 1983, is amended to read as follows:
  7. In this section "banking institution" has the same meaning ascribed
to it by section [nine-f] NINE-K of this chapter and "item" has the same
meaning ascribed to it by the uniform commercial code.
  S  2.  Section 22 of the banking law, as amended by chapter 553 of the
laws of 2007, is amended to read as follows:
  S 22. Fingerprints. [(a)] 1. Notwithstanding any  other  provision  of
law,  every applicant for a license, authorization or registration under
articles nine, nine-A, eleven-B, twelve-B, twelve-C, twelve-D,  twelve-E
and thirteen-B of this chapter and every applicant filing an application
to  acquire  control  of any licensee or registrant, as the case may be,
under such articles shall submit [simultaneously with  an  application,]
his  or her fingerprints in such form and in such manner as specified by
the division of criminal justice  services  OR  THE  SUPERINTENDENT,  AS
APPROPRIATE,  but  in  any  event,  no less than two digit imprints. The
superintendent shall submit such fingerprints to the division of  crimi-
nal  justice  services  for the purpose of conducting a criminal history
search and returning a report thereon in accordance with the  procedures
and  requirements established by the division pursuant to the provisions

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD09183-03-1

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