Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Apr 20, 2011 |
enacting clause stricken |
Feb 24, 2011 |
referred to banks |
Assembly Bill A5639
2011-2012 Legislative Session
Sponsored By
TOWNS
Archive: Last Bill Status - Stricken
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
co-Sponsors
William Boyland
Nelson Castro
Vanessa Gibson
Francisco Moya
multi-Sponsors
John McEneny
Robert Reilly
2011-A5639 (ACTIVE) - Details
- Law Section:
- Banking Law
- Laws Affected:
- Add ยง9-v, Bank L
- Versions Introduced in 2009-2010 Legislative Session:
-
A8439
2011-A5639 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5639 2011-2012 Regular Sessions I N A S S E M B L Y February 24, 2011 ___________ Introduced by M. of A. TOWNS, BOYLAND, CASTRO -- Multi-Sponsored by -- M. of A. McENENY, REILLY -- read once and referred to the Committee on Banks AN ACT to amend the banking law, in relation to establishing a rating system for automated teller machine usage fees 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 9-v to read as follows: S 9-V. AUTOMATED TELLER MACHINE USAGE FEE RATING SYSTEM. 1. FOR PURPOSES OF THIS SECTION, THE TERM: A. "AUTOMATED TELLER MACHINE" OR "ATM" SHALL HAVE THE SAME MEANING AS SET FORTH IN SUBDIVISION TWO OF SECTION SEVENTY-FIVE-B OF THIS CHAPTER; AND B. "USAGE FEE" SHALL MEAN THE FEE CHARGED BY THE OWNER OR OPERATOR OF AN ATM TO THE PERSON WHO CONDUCTS A TRANSACTION AT SUCH ATM. 2. ON AND AFTER OCTOBER FIRST, TWO THOUSAND ELEVEN, EVERY AUTOMATED TELLER MACHINE IN THIS STATE SHALL HAVE POSTED ON SUCH ATM, A RATING LETTER TO DESIGNATE THE USAGE FEE CHARGED FOR USING SUCH ATM. SUCH RATING LETTERS SHALL REPRESENT THE FOLLOWING FEES: A. "A" DESIGNATES A USAGE FEE OF $1.00 OR LESS; B. "B" DESIGNATES A USAGE FEE OF $1.01 TO $2.00; C. "C" DESIGNATES A USAGE FEE OF $2.01 TO $3.00; D. "D" DESIGNATES A USAGE FEE OF $3.01 OR MORE. 3. THE RATING LETTER REQUIRED BY THIS SECTION SHALL BE POSTED ON EACH ATM AND SHALL BE PLACED AS NEARLY AS IS PRACTICABLE TO THE KEYPAD OR CARD INSERTION SLOT ON SUCH ATM. SUCH RATING LETTER SHALL BE PLACED ON A SQUARE SIGN OF AT LEAST THREE INCHES BY THREE INCHES IN SIZE. THE BACK- GROUND OF SUCH SIGN SHALL BE YELLOW AND THE LETTER DESIGNATING THE ATM USAGE FEE SHALL BE IN RED. SUCH SIGN SHALL ALSO CONTAIN A BRIEF DESCRIPTION OF THE RATING SYSTEM. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD09350-01-1
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