| Date of Action |
Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|---|---|
| May 08, 2012 |
print number 6276b |
| May 08, 2012 |
amend and recommit to rules |
| Apr 17, 2012 |
print number 6276a |
| Apr 17, 2012 |
amend and recommit to rules |
| Mar 12, 2012 |
committee discharged and committed to rules |
| Mar 08, 2012 |
notice of committee consideration - requested |
| Jan 19, 2012 |
referred to banks |
Senate Bill S6276
2011-2012 Legislative Session
Sponsored By
(D, WF) 12th Senate District
Archive: Last Bill Status - In Senate Committee Rules Committee
Actions
Bill Amendments
co-Sponsors
(D, WF) Senate District
(D) 15th Senate District
(D) Senate District
(D, WF) Senate District
2011-S6276 - Details
- See Assembly Version of this Bill:
- A8928
- Current Committee:
- Senate Rules
- Law Section:
- Banking Law
- Laws Affected:
- Add §652-c, Bank L
- Versions Introduced in Other Legislative Sessions:
-
2013-2014:
S606, A156
2015-2016: S2480, A2780
2017-2018: S3232
2019-2020: S297
2021-2022: S166
2023-2024: S177
2025-2026: S2040
2011-S6276 - Sponsor Memo
BILL NUMBER:S6276
TITLE OF BILL:
An act
to amend the banking law, in relation to requiring transmitters of money
to provide a certain warning to consumers
PURPOSE OR GENERAL IDEA OF BILL:
This bill would require a transmitter of money to provide a warning
about fraud to consumers.
SUMMARY OF SPECIFIC PROVISIONS:
Section 1 of this act would amend the banking law by adding a new
section, requiring a person engaged in the business of receiving
money for transmission or transmitting money to clearly and
prominently warn the consumers about fraud prior to completing the
transfer.
Section 2 makes this act effective on the one hundred eightieth day
after it shall have become a law.
JUSTIFICATION:
Consumer fraud hurts everyone regardless of age. The elderly, however,
are especially vulnerable to scams that call for the transferring of
money.
People receive calls or emails informing them that they won the
2011-S6276 - Bill Text download pdf
S T A T E O F N E W Y O R K
________________________________________________________________________
6276
I N S E N A T E
January 19, 2012
___________
Introduced by Sen. GIANARIS -- 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 requiring transmitters
of money to provide a certain warning to consumers
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 652-c to
read as follows:
S 652-C. REQUIRED WARNING. 1. A PERSON ENGAGED IN THE BUSINESS OF
RECEIVING MONEY FOR TRANSMISSION OR TRANSMITTING MONEY BY WIRE OR ELEC-
TRONIC TRANSFER WHICH, AT THE REQUEST OF AN INDIVIDUAL WHO IN PERSON, BY
TELEPHONE OR ELECTRONIC MEANS TRANSMITS FUNDS TO ANOTHER PERSON, BUSI-
NESS OR ENTITY, SHALL CLEARLY AND PROMINENTLY WARN THE PERSON REQUESTING
THE TRANSMISSION PRIOR TO COMPLETING SUCH TRANSMISSION OF FUNDS AS
FOLLOWS:
"WARNING: PLEASE DO NOT FALL VICTIM TO CONSUMER FRAUD. ARE YOU SENDING
MONEY TO CLAIM LOTTERY WINNINGS? ARE YOU SENDING MONEY BECAUSE YOU WERE
GUARANTEED A CREDIT CARD OR LOAN? ARE YOU RESPONDING TO AN INTERNET OR
PHONE OFFER THAT YOU ARE NOT SURE IS HONEST? ARE YOU SENDING MONEY TO
SOMEONE YOU DO NOT KNOW OR WHOSE IDENTITY YOU CANNOT VERIFY? IF SO,
PLEASE ASK THE SALES CLERK OR REPRESENTATIVE TO STOP YOUR TRANSFER RIGHT
AWAY."
2. FOR THE PURPOSES OF THIS SECTION, "CLEARLY AND PROMINENTLY" MEANS:
(I) IN WRITTEN COMMUNICATIONS, INCLUDING PRINT AND THOSE MADE THROUGH AN
ELECTRONIC MEDIUM (SUCH AS VIDEO AND INTERACTIVE MEDIA INCLUDING, BUT
NOT LIMITED TO, THE INTERNET, ONLINE SERVICES, AND ELECTRONIC MAIL) THE
WARNING SHALL APPEAR ON THE SAME FORM AS THE FORM USED TO AUTHORIZE THE
TRANSMISSION OF FUNDS, SHALL BE IN A TYPE SIZE SUFFICIENTLY NOTICEABLE
FOR AN ORDINARY CONSUMER TO READ AND COMPREHEND THE WRITTEN WARNING AND
SHALL BE IN A TYPE THAT CONTRASTS WITH THE BACKGROUND AGAINST WHICH THE
WRITTEN WARNING APPEARS; AND (II) IN ORAL COMMUNICATIONS, THE WARNING
SHALL BE DELIVERED IN A VOLUME AND CADENCE SUFFICIENT FOR AN ORDINARY
CONSUMER TO HEAR AND COMPREHEND. IF ANY COMMUNICATION IS PRESENTED SOLE-
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD13850-01-2
co-Sponsors
(D, WF) Senate District
(D) 15th Senate District
(D) Senate District
(D, WF) Senate District
2011-S6276A - Details
- See Assembly Version of this Bill:
- A8928
- Current Committee:
- Senate Rules
- Law Section:
- Banking Law
- Laws Affected:
- Add §652-c, Bank L
- Versions Introduced in Other Legislative Sessions:
-
2013-2014:
S606, A156
2015-2016: S2480, A2780
2017-2018: S3232
2019-2020: S297
2021-2022: S166
2023-2024: S177
2025-2026: S2040
2011-S6276A - Sponsor Memo
BILL NUMBER:S6276A
TITLE OF BILL:
An act
to amend the banking law, in relation to requiring transmitters of money
to provide a certain warning to consumers
PURPOSE OR GENERAL IDEA OF BILL:
This bill would require a transmitter of money to provide a warning
about fraud to consumers.
SUMMARY OF SPECIFIC PROVISIONS:
Section 1 of this act would amend the banking law by adding a new
section, requiring a person engaged in the business of receiving
money for transmission or transmitting money to clearly and
prominently warn the consumers about fraud prior to completing the
transfer.
Section 2 makes this act effective on the one hundred eightieth day
after it shall have become a law.
JUSTIFICATION:
Consumer fraud hurts everyone regardless of age. The elderly, however,
are especially vulnerable to scams that call for the transferring of
money.
People receive calls or emails informing them that they won the
2011-S6276A - Bill Text download pdf
S T A T E O F N E W Y O R K
________________________________________________________________________
6276--A
I N S E N A T E
January 19, 2012
___________
Introduced by Sens. GIANARIS, ADAMS, ADDABBO, AVELLA, DUANE,
HASSELL-THOMPSON, KENNEDY, KRUEGER, MONTGOMERY, OPPENHEIMER, PARKER,
STAVISKY, STEWART-COUSINS -- read twice and ordered printed, and when
printed to be committed to the Committee on Banks -- committee
discharged and said bill committed to the Committee on Rules --
committee discharged, bill amended, ordered reprinted as amended and
recommitted to said committee
AN ACT to amend the banking law, in relation to requiring transmitters
of money to provide a certain warning to consumers
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 652-c to
read as follows:
S 652-C. REQUIRED WARNING. 1. A PERSON ENGAGED IN THE BUSINESS OF
RECEIVING MONEY FOR TRANSMISSION OR TRANSMITTING MONEY BY WIRE OR ELEC-
TRONIC TRANSFER WHICH, AT THE REQUEST OF AN INDIVIDUAL WHO IN PERSON, BY
TELEPHONE OR ELECTRONIC MEANS TRANSMITS FUNDS TO ANOTHER PERSON, BUSI-
NESS OR ENTITY, SHALL CLEARLY AND PROMINENTLY WARN THE PERSON REQUESTING
THE TRANSMISSION PRIOR TO COMPLETING SUCH TRANSMISSION OF FUNDS. SUCH
WARNING SHALL CONTAIN AT THE MINIMUM THE FOLLOWING STATEMENTS:
(A) "WARNING: DO NOT FALL VICTIM TO CONSUMER FRAUD."
(B) "ARE YOU SENDING MONEY TO CLAIM LOTTERY WINNINGS?"
(C) "ARE YOU SENDING MONEY BECAUSE YOU WERE GUARANTEED A CREDIT CARD
OR LOAN?"
(D) "ARE YOU RESPONDING TO AN INTERNET OR PHONE OFFER THAT YOU ARE NOT
SURE IS HONEST?"
(E) "ARE YOU SENDING MONEY TO SOMEONE YOU DO NOT KNOW OR WHOSE IDENTI-
TY YOU CANNOT VERIFY?"
(F) "ASK THE SALES CLERK OR REPRESENTATIVE TO STOP YOUR TRANSFER RIGHT
AWAY IF YOU HAVE ANY QUESTIONS OR ARE UNSURE ABOUT THE NATURE OF YOUR
TRANSACTION. IT COULD BE FRAUD."
2. FOR THE PURPOSES OF THIS SECTION, "CLEARLY AND PROMINENTLY" MEANS:
(A) IN WRITTEN COMMUNICATIONS, INCLUDING PRINT AND THOSE MADE THROUGH AN
ELECTRONIC MEDIUM (SUCH AS VIDEO AND INTERACTIVE MEDIA INCLUDING, BUT
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
co-Sponsors
(D, WF) Senate District
(D) 15th Senate District
(D) Senate District
(D, WF) Senate District
2011-S6276B (ACTIVE) - Details
- See Assembly Version of this Bill:
- A8928
- Current Committee:
- Senate Rules
- Law Section:
- Banking Law
- Laws Affected:
- Add §652-c, Bank L
- Versions Introduced in Other Legislative Sessions:
-
2013-2014:
S606, A156
2015-2016: S2480, A2780
2017-2018: S3232
2019-2020: S297
2021-2022: S166
2023-2024: S177
2025-2026: S2040
2011-S6276B (ACTIVE) - Sponsor Memo
BILL NUMBER:S6276B
TITLE OF BILL:
An act to amend the banking law, in relation to requiring transmitters
of money to provide a certain warning to consumers
PURPOSE OR GENERAL IDEA OF BILL:
This bill would require a transmitter of money to provide a warning
about fraud to consumers.
SUMMARY OF SPECIFIC PROVISIONS:
Section 1 of this act would amend the banking law by adding a new
section, requiring a person engaged in the business of receiving money
for transmission or transmitting money to clearly and prominently warn
the consumers about fraud prior to completing the transfer.
Section 2 makes this act effective on the one hundred eightieth day
after it shall have become a law.
JUSTIFICATION:
Consumer fraud hurts everyone regardless of age. The elderly, however,
are especially vulnerable to scams that call for the transferring of
money. People receive calls or emails informing them that they won the
lottery, that they have been offered a great deal, or that they can
apply for a credit card if they simply transfer funds to an unspecified
address. People have lost hundreds of thousands of dollars when they
2011-S6276B (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K
________________________________________________________________________
6276--B
I N S E N A T E
January 19, 2012
___________
Introduced by Sens. GIANARIS, ADAMS, ADDABBO, AVELLA, DUANE,
HASSELL-THOMPSON, KENNEDY, KRUEGER, MONTGOMERY, OPPENHEIMER, PARKER,
STAVISKY, STEWART-COUSINS -- read twice and ordered printed, and when
printed to be committed to the Committee on Banks -- committee
discharged and said bill committed to the Committee on Rules --
committee discharged, bill amended, ordered reprinted as amended and
recommitted to said committee -- committee discharged, bill amended,
ordered reprinted as amended and recommitted to said committee
AN ACT to amend the banking law, in relation to requiring transmitters
of money to provide a certain warning to consumers
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 652-c to
read as follows:
S 652-C. REQUIRED WARNING. 1. A PERSON ENGAGED IN THE BUSINESS OF
RECEIVING MONEY FOR TRANSMISSION OR TRANSMITTING MONEY BY WIRE OR ELEC-
TRONIC TRANSFER WHICH, AT THE REQUEST OF AN INDIVIDUAL WHO IN PERSON, BY
TELEPHONE OR ELECTRONIC MEANS TRANSMITS FUNDS TO ANOTHER PERSON, BUSI-
NESS OR ENTITY, SHALL CLEARLY AND PROMINENTLY WARN THE PERSON REQUESTING
THE TRANSMISSION PRIOR TO COMPLETING SUCH TRANSMISSION OF FUNDS. SUCH
WARNING SHALL CONTAIN AT THE MINIMUM THE FOLLOWING STATEMENTS:
(A) "WARNING: DO NOT FALL VICTIM TO CONSUMER FRAUD."
(B) "ARE YOU SENDING MONEY TO CLAIM LOTTERY WINNINGS?"
(C) "ARE YOU SENDING MONEY BECAUSE YOU WERE GUARANTEED A CREDIT CARD
OR LOAN?"
(D) "ARE YOU RESPONDING TO AN INTERNET OR PHONE OFFER THAT YOU ARE NOT
SURE IS HONEST?"
(E) "ARE YOU SENDING MONEY TO SOMEONE YOU DO NOT KNOW OR WHOSE IDENTI-
TY YOU CANNOT VERIFY?"
(F) "ASK THE SALES CLERK OR REPRESENTATIVE TO STOP YOUR TRANSFER RIGHT
AWAY IF YOU HAVE ANY QUESTIONS OR ARE UNSURE ABOUT THE NATURE OF YOUR
TRANSACTION. IT COULD BE FRAUD."
2. FOR THE PURPOSES OF THIS SECTION, "CLEARLY AND PROMINENTLY" MEANS:
(A) IN WRITTEN COMMUNICATIONS, INCLUDING PRINT AND THOSE MADE THROUGH AN
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
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