assembly Bill A10056

2013-2014 Legislative Session

Authorizes and regulates the use of payroll card accounts

download bill text pdf

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Archive: Last Bill Status - In Assembly Committee


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

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Actions

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Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jun 10, 2014 referred to labor

A10056 (ACTIVE) - Details

See Senate Version of this Bill:
S7790
Current Committee:
Assembly Labor
Law Section:
Labor Law
Laws Affected:
Amd §§190, 192, 197 & 198, add §§192-a - 192-c, Lab L
Versions Introduced in 2015-2016 Legislative Session:
A6811, A5968, S4685

A10056 (ACTIVE) - Summary

Authorizes and regulates the use of payroll card accounts.

A10056 (ACTIVE) - Bill Text download pdf

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

                                  10056

                          I N  A S S E M B L Y

                              June 10, 2014
                               ___________

Introduced  by COMMITTEE ON RULES -- (at request of M. of A. Morelle) --
  (at request of the Department of Law) -- read once and referred to the
  Committee on Labor

AN ACT to amend the labor law, in relation to authorizing and regulating
  the use of payroll cards

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

  Section 1. Section 190 of the labor law is amended by adding eight new
subdivisions 10, 11, 12, 13, 14, 15, 16 and 17 to read as follows:
  10.  "ACCOUNT"  MEANS  A  DEMAND DEPOSIT (CHECKING), SAVINGS, OR OTHER
CONSUMER ASSET ACCOUNT (OTHER THAN AN OCCASIONAL  OR  INCIDENTAL  CREDIT
BALANCE  IN  A  CREDIT  PLAN) HELD DIRECTLY OR INDIRECTLY BY A FINANCIAL
INSTITUTION AND ESTABLISHED PRIMARILY FOR PERSONAL, FAMILY, OR HOUSEHOLD
PURPOSES.
  11. "ELECTRONIC FUND TRANSFER" MEANS ANY TRANSFER  OF  FUNDS  THAT  IS
INITIATED  THROUGH  AN  ELECTRONIC  TERMINAL,  TELEPHONE,  COMPUTER,  OR
MAGNETIC TAPE FOR THE PURPOSE OF ORDERING, INSTRUCTING, OR AUTHORIZING A
FINANCIAL INSTITUTION TO DEBIT OR  CREDIT  AN  EMPLOYEE'S  PAYROLL  CARD
ACCOUNT. ELECTRONIC FUND TRANSFER INCLUDES, BUT IS NOT LIMITED TO:
  A. POINT-OF-SALE TRANSFERS;
  B. AUTOMATED TELLER MACHINE TRANSFERS;
  C. DIRECT DEPOSITS OR WITHDRAWALS OF FUNDS;
  D. TRANSFERS INITIATED BY TELEPHONE; AND
  E.  TRANSFERS  RESULTING  FROM DEBIT CARD TRANSACTIONS, WHETHER OR NOT
INITIATED THROUGH AN ELECTRONIC TERMINAL.
  12. "PAYROLL CARD ACCOUNT" MEANS AN ACCOUNT THAT IS DIRECTLY OR  INDI-
RECTLY  ESTABLISHED THROUGH OR BY AN EMPLOYER AND INTO WHICH AN EMPLOYER
DIRECTLY OR INDIRECTLY DEPOSITS AN EMPLOYEE'S WAGES THROUGH AN ELECTRON-
IC FUNDS TRANSFER.
  13. "PAYROLL CARD ISSUER" MEANS ANY EMPLOYER, BANK, FINANCIAL INSTITU-
TION, THIRD-PARTY PAYROLL PROCESSOR, OR ANY OTHER PERSON OR ENTITY  THAT
ISSUES A PAYROLL CARD TO AN EMPLOYEE ON BEHALF OF AN EMPLOYER.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD14104-05-4