senate Bill S7493A

Signed By Governor
2011-2012 Legislative Session

Relates to the federal electronic fund transfer act

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Sponsored By

Archive: Last Bill Status Via A10591 - Signed by Governor


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

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Actions

view actions (12)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Aug 17, 2012 signed chap.399
Aug 06, 2012 delivered to governor
Jun 19, 2012 returned to assembly
passed senate
3rd reading cal.1372
substituted for s7493a
Jun 19, 2012 substituted by a10591
ordered to third reading cal.1372
committee discharged and committed to rules
Jun 12, 2012 print number 7493a
amend (t) and recommit to judiciary
May 29, 2012 referred to judiciary

Votes

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Bill Amendments

Original
A (Active)
Original
A (Active)

Co-Sponsors

S7493 - Details

See Assembly Version of this Bill:
A10591
Law Section:
Uniform Commercial Code
Laws Affected:
Amd §4-A-108, UCC
Versions Introduced in 2011-2012 Legislative Session:
A10591

S7493 - Summary

Relates to the federal electronic fund transfer act; clarifies the relationship between such act and article 4-A of the UCC.

S7493 - Sponsor Memo

S7493 - Bill Text download pdf

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

                                  7493

                            I N  S E N A T E

                              May 29, 2012
                               ___________

Introduced  by  Sens.  GRIFFO, FARLEY -- read twice and ordered printed,
  and when printed to be committed to the Committee on Judiciary

AN ACT to amend the uniform commercial code, in relation  to  clarifying
  the  relationship  between  article four-A of the code and the federal
  Electronic Fund Transfer Act and to clarify article four-A's  applica-
  bility to remittance transfers under the Electronic Fund Transfer Act

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

  Section 4-A-108 of the uniform commercial code, as  added  by  chapter
208 of the laws of 1990, is amended to read as follows:
Section 4-A-108. [Exclusion of Consumer Transactions Governed by Federal
                   Law] RELATIONSHIP TO ELECTRONIC FUND TRANSFER ACT.
  [This] (1) EXCEPT AS PROVIDED IN SUBDIVISION (2) OF THIS SECTION, THIS
Article does not apply to a funds transfer any part of which is governed
by  the  Electronic  Fund  Transfer  Act  of  1978 (Title XX, Public Law
95-630, 92 Stat. 3728, 15 U.S.C. S1693 et seq.) as amended from time  to
time.
  (2)  THIS ARTICLE SHALL APPLY TO A FUNDS TRANSFER THAT IS A REMITTANCE
TRANSFER AS DEFINED IN THE ELECTRONIC FUND TRANSFER ACT (15 U.S.C.  SEC.
1693O-1)  AS AMENDED FROM TIME TO TIME UNLESS THE REMITTANCE TRANSFER IS
AN ELECTRONIC FUND TRANSFER AS DEFINED IN THE ELECTRONIC  FUND  TRANSFER
ACT (15 U.S.C. SEC. 1693A) AS AMENDED FROM TIME TO TIME.
  (3) IN A FUNDS TRANSFER TO WHICH THIS ARTICLE APPLIES, IN THE EVENT OF
AN  INCONSISTENCY BETWEEN AN APPLICABLE PROVISION OF THIS ARTICLE AND AN
APPLICABLE PROVISION OF THE ELECTRONIC FUND TRANSFER ACT, THE  PROVISION
OF  THE ELECTRONIC FUND TRANSFER ACT GOVERNS TO THE EXTENT OF THE INCON-
SISTENCY.
  S 2. This act shall take effect immediately.



 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD15751-01-2

Co-Sponsors

S7493A (ACTIVE) - Details

See Assembly Version of this Bill:
A10591
Law Section:
Uniform Commercial Code
Laws Affected:
Amd §4-A-108, UCC
Versions Introduced in 2011-2012 Legislative Session:
A10591

S7493A (ACTIVE) - Summary

Relates to the federal electronic fund transfer act; clarifies the relationship between such act and article 4-A of the UCC.

S7493A (ACTIVE) - Sponsor Memo

S7493A (ACTIVE) - Bill Text download pdf

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

                                 7493--A

                            I N  S E N A T E

                              May 29, 2012
                               ___________

Introduced  by  Sens.  GRIFFO, FARLEY -- read twice and ordered printed,
  and when printed to be committed to  the  Committee  on  Judiciary  --
  committee  discharged,  bill amended, ordered reprinted as amended and
  recommitted to said committee

AN ACT to amend the uniform commercial code, in relation  to  clarifying
  the relationship between article 4-A of the code and the federal Elec-
  tronic  Fund  Transfer Act and to clarify such article's applicability
  to remittance transfers under the Electronic Fund Transfer Act

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

  Section 1. Section 4-A-108 of the uniform commercial code, as added by
chapter 208 of the laws of 1990, is amended to read as follows:
Section 4-A-108. [Exclusion of Consumer Transactions Governed by Federal
                   Law] RELATIONSHIP TO ELECTRONIC FUND TRANSFER ACT.
  [This]  (1) EXCEPT AS PROVIDED IN SUBSECTION (2) OF THIS SECTION, THIS
Article does not apply to a funds transfer any part of which is governed
by the Electronic Fund Transfer  Act  of  1978  (Title  XX,  Public  Law
95-630,  92 Stat. 3728, 15 U.S.C. S1693 et seq.) as amended from time to
time.
  (2) THIS ARTICLE SHALL APPLY TO A FUNDS TRANSFER THAT IS A  REMITTANCE
TRANSFER  AS DEFINED IN THE ELECTRONIC FUND TRANSFER ACT (15 U.S.C. SEC.
1693O-1) AS AMENDED FROM TIME TO TIME UNLESS THE REMITTANCE TRANSFER  IS
AN  ELECTRONIC  FUND TRANSFER AS DEFINED IN THE ELECTRONIC FUND TRANSFER
ACT (15 U.S.C. SEC. 1693A) AS AMENDED FROM TIME TO TIME.
  (3) IN A FUNDS TRANSFER TO WHICH THIS ARTICLE APPLIES, IN THE EVENT OF
AN INCONSISTENCY BETWEEN AN APPLICABLE PROVISION OF THIS ARTICLE AND  AN
APPLICABLE  PROVISION OF THE ELECTRONIC FUND TRANSFER ACT, THE PROVISION
OF THE ELECTRONIC FUND TRANSFER ACT GOVERNS TO THE EXTENT OF THE  INCON-
SISTENCY.
  S 2. This act shall take effect immediately.


 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD15751-02-2

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