senate Bill S2868

2013-2014 Legislative Session

Provides a definition of the word "timely" for purposes of real property insurance escrow accounts

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 (2)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 08, 2014 referred to banks
Jan 24, 2013 referred to banks

S2868 - Details

Law Section:
Banking Law
Laws Affected:
Amd ยง6-k, Bank L
Versions Introduced in Previous Legislative Sessions:
2011-2012: S3671
2009-2010: A167, S3491

S2868 - Summary

Provides a definition of the word "timely" for purposes of real property insurance escrow accounts.

S2868 - Sponsor Memo

S2868 - Bill Text download pdf

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

                                  2868

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                            January 24, 2013
                               ___________

Introduced  by  Sen.  SMITH  -- 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 the  definition  of  the
  word "timely" for real property insurance escrow accounts

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

  Section 1. Subdivision 1 of section 6-k of the banking law is  amended
by adding a new paragraph (f) to read as follows:
  (F) "TIMELY" SHALL MEAN TEN DAYS PRIOR TO THE DATE ON WHICH REAL PROP-
ERTY INSURANCE PREMIUMS ARE DUE AND PAYABLE.
  S  2.  This  act shall take effect on the ninetieth day after it shall
have become a law.







 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD07215-01-3

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