senate Bill S4350A

Signed By Governor
2013-2014 Legislative Session

Makes technical corrections to the banking law

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Sponsored By

Archive: Last Bill Status - 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 (24)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Aug 11, 2014 signed chap.291
Aug 01, 2014 delivered to governor
Jun 16, 2014 returned to senate
passed assembly
ordered to third reading rules cal.225
substituted for a9851
Jun 11, 2014 referred to banks
delivered to assembly
passed senate
May 29, 2014 advanced to third reading
May 28, 2014 2nd report cal.
May 21, 2014 1st report cal.910
May 07, 2014 print number 4350a
amend and recommit to banks
Jan 08, 2014 referred to banks
returned to senate
died in assembly
Apr 30, 2013 referred to banks
delivered to assembly
passed senate
Apr 29, 2013 advanced to third reading
Apr 24, 2013 2nd report cal.
Apr 23, 2013 1st report cal.430
Mar 21, 2013 referred to banks

Votes

view votes

May 21, 2014 - Banks committee Vote

S4350A
19
0
committee
19
Aye
0
Nay
0
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show Banks committee vote details

Apr 24, 2013 - Banks committee Vote

S4350
19
0
committee
19
Aye
0
Nay
0
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show committee vote details

Bill Amendments

Original
A (Active)
Original
A (Active)

S4350 - Details

See Assembly Version of this Bill:
A9851
Law Section:
Banking Law
Laws Affected:
Amd Bank L, generally

S4350 - Summary

Makes technical corrections to the banking law.

S4350 - Sponsor Memo

S4350 - Bill Text download pdf

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

                                  4350

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                             March 21, 2013
                               ___________

Introduced  by  Sen.  FARLEY -- 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 making certain technical
  corrections thereto

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

  Section  1. Section 6-i of the banking law, as added by chapter 571 of
the laws of 1986 and as further amended by section  104  of  part  A  of
chapter 62 of the laws of 2011, is amended to read as follows:
  S 6-i.  Mortgage  loans.  No person, partnership, corporation, banking
organization, exempt organization as defined  in  section  five  hundred
ninety  of  this  chapter  or other entity shall make a mortgage loan as
defined in section  five  hundred  ninety  of  this  chapter  except  in
conformity  with  the requirements of article twelve-D and in compliance
with such rules and regulations as may be promulgated by the superinten-
dent of financial services [or prescribed by the  superintendent]  under
this  section.  Nothing  in  this section shall be construed to limit or
otherwise modify any otherwise applicable requirement of state or feder-
al law.
  S 2. Subdivision 3 of section 7 of the banking law, as added by  chap-
ter  184  of  the  laws of 1978 and as further amended by section 104 of
part A of chapter 62 of the laws of 2011, is amended to read as follows:
  3. The superintendent of financial services may promulgate such  regu-
lations  as  [it]  HE OR SHE deems necessary and proper to implement and
define the provisions of this section.
  S 3. Subdivision 3 of section 9-f of the banking law,  as  amended  by
chapter 571 of the laws of 1986 and as further amended by section 104 of
part A of chapter 62 of the laws of 2011, is amended to read as follows:
  3. For the purposes of this section, the term (a) "prudent loan" means
a loan upon the security of real property which is prudent by acceptable
banking  standards  and  is  in compliance with all of the provisions of

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD09332-01-3

S4350A (ACTIVE) - Details

See Assembly Version of this Bill:
A9851
Law Section:
Banking Law
Laws Affected:
Amd Bank L, generally

S4350A (ACTIVE) - Summary

Makes technical corrections to the banking law.

S4350A (ACTIVE) - Sponsor Memo

S4350A (ACTIVE) - Bill Text download pdf

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

                                 4350--A

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                             March 21, 2013
                               ___________

Introduced  by  Sen.  FARLEY -- read twice and ordered printed, and when
  printed to be committed to the Committee on Banks  --  recommitted  to
  the  Committee  on  Banks  in accordance with Senate Rule 6, sec. 8 --
  committee discharged, bill amended, ordered reprinted as  amended  and
  recommitted to said committee

AN ACT to amend the banking law, in relation to making certain technical
  corrections thereto

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

  Section 1. Section 6-i of the banking law, as added by chapter 571  of
the  laws  of  1986  and  as further amended by section 104 of part A of
chapter 62 of the laws of 2011, is amended to read as follows:
  S 6-i. Mortgage loans. No person,  partnership,  corporation,  banking
organization,  exempt  organization  as  defined in section five hundred
ninety of this chapter or other entity shall make  a  mortgage  loan  as
defined  in  section  five  hundred  ninety  of  this  chapter except in
conformity with the requirements of article twelve-D and  in  compliance
with such rules and regulations as may be promulgated by the superinten-
dent  of  financial services [or prescribed by the superintendent] under
this section. Nothing in this section shall be  construed  to  limit  or
otherwise modify any otherwise applicable requirement of state or feder-
al law.
  S  2. Subdivision 3 of section 7 of the banking law, as added by chap-
ter 184 of the laws of 1978 and as further amended  by  section  104  of
part A of chapter 62 of the laws of 2011, is amended to read as follows:
  3.  The superintendent of financial services may promulgate such regu-
lations as [it] HE OR SHE deems necessary and proper  to  implement  and
define the provisions of this section.
  S  3.  Subdivision  3 of section 9-f of the banking law, as amended by
chapter 571 of the laws of 1986 and as further amended by section 104 of
part A of chapter 62 of the laws of 2011, is amended to read as follows:

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD09332-03-4

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