senate Bill S77

2011-2012 Legislative Session

Enables senior citizens to cash social security checks without maintaining an account at the bank honoring such check

download bill text pdf

Sponsored By

Archive: Last Bill Status -


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

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Actions

view actions (4)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Mar 12, 2012 committee discharged and committed to rules
Mar 08, 2012 notice of committee consideration - requested
Jan 04, 2012 referred to banks
Jan 05, 2011 referred to banks

Co-Sponsors

S77 - Details

See Assembly Version of this Bill:
A4267
Law Section:
Banking Law
Laws Affected:
Add ยง6-n, Bank L
Versions Introduced in 2009-2010 Legislative Session:
S7946, A2600

S77 - Summary

Directs every banking organization or foreign banking corporation transacting business in this state to cash properly endorsed social security checks presented by the payee, upon sufficient identification, notwithstanding the fact that such payee does not maintain an account with such organization or corporation, upon proof that such payee is sixty-two years of age or older; defines "sufficient identification".

S77 - Sponsor Memo

S77 - Bill Text download pdf

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

                                   77

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                               (PREFILED)

                             January 5, 2011
                               ___________

Introduced by Sens. PERALTA, MONTGOMERY -- read twice and ordered print-
  ed, and when printed to be committed to the Committee on Banks

AN  ACT  to  amend  the  banking  law, in relation to the negotiation of
  social security checks

  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 6-n to
read as follows:
  S 6-N. NEGOTIATING SOCIAL SECURITY CHECKS. EVERY BANKING  ORGANIZATION
OR  FOREIGN BANKING CORPORATION TRANSACTING BUSINESS IN THIS STATE SHALL
CASH PROPERLY ENDORSED SOCIAL SECURITY CHECKS PRESENTED  BY  THE  PAYEE,
UPON SUFFICIENT IDENTIFICATION, NOTWITHSTANDING THE FACT THAT SUCH PAYEE
DOES NOT MAINTAIN AN ACCOUNT WITH SUCH ORGANIZATION OR CORPORATION, UPON
PROOF  THAT SUCH PAYEE IS SIXTY-TWO YEARS OF AGE OR OLDER.  FOR PURPOSES
OF THIS SECTION, "SUFFICIENT IDENTIFICATION" SHALL MEAN A PICTURE  IDEN-
TIFICATION  CARD  ISSUED  TO SUCH PAYEE BY THE DEPARTMENT OF MOTOR VEHI-
CLES, A SHERIFF'S DEPARTMENT OR A BANKING ORGANIZATION WHERE SUCH  CHECK
IS PRESENTED FOR PAYMENT.
  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.
                                                           LBD03358-01-1

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