Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jul 31, 2013 |
signed chap.199 |
Jul 19, 2013 |
delivered to governor |
May 29, 2013 |
returned to assembly passed senate 3rd reading cal.450 substituted for s4363 |
May 29, 2013 |
substituted by a6234 |
May 01, 2013 |
advanced to third reading |
Apr 30, 2013 |
2nd report cal. |
Apr 29, 2013 |
1st report cal.450 |
Mar 22, 2013 |
referred to consumer protection |
Senate Bill S4363
Signed By Governor2013-2014 Legislative Session
Sponsored By
(R, C) 53rd Senate District
Archive: Last Bill Status Via A6234 - Signed by Governor
- 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
Votes
co-Sponsors
(R, C, IP) Senate District
(D) Senate District
(R, IP) Senate District
(R, C, IP) Senate District
2013-S4363 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A6234
- Law Section:
- General Business Law
- Laws Affected:
- Amd §399-y, Gen Bus L
2013-S4363 (ACTIVE) - Sponsor Memo
BILL NUMBER:S4363 TITLE OF BILL: An act to amend the general business law, in relation to automated teller machine fee disclosure PURPOSE OR GENERAL IDEA OF BILL: To bring state law into conformity with current provisions of federal law relating to ATM fee disclosure requirements which eliminated the outdated requirement that ATM machines carry a physical disclosure of potential ATM fees. SUMMARY OF SPECIFIC PROVISIONS: Section 1- amends § 399-y to the General Business Law by removing paragraph 3(a) which requires a sign be posted in on or at the ATM stating that a fee is imposed and the amount of the fee. Section 2 - Contains the effective date. JUSTIFICATION: Under current law, automatic teller machine (ATM) operators are required to display notices in two separate locations notifying consumers that they might be charged fees for withdrawing cash from the ATM. One notice is required to be posted in a prominent and
2013-S4363 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 4363 2013-2014 Regular Sessions I N S E N A T E March 22, 2013 ___________ Introduced by Sens. GRIFFO, FARLEY -- read twice and ordered printed, and when printed to be committed to the Committee on Consumer Protection AN ACT to amend the general business law, in relation to automated teller machine fee disclosure THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 399-y of the general business law, as added by chapter 495 of the laws of 1999, is amended to read as follows: S 399-y. Automated teller machine fee disclosure. 1. For the purposes of this section, "automated teller machine operator" shall mean any person who: (a) operates an automated teller machine at which consumers may make financial transactions, including but not limited to deposits, withdrawals, balance inquiries, and loan payments; and (b) is not the financial institution which holds the account accessed by the consumer to make the financial transaction. 2. No automated teller machine operator shall impose a fee on a consumer using such machine, unless such operator: (a) provides notice as required by subdivision three of this section; and (b) the consumer elects to continue to effect a financial transaction after receiving such notice. 3. [(a) The automated teller machine operator shall post a sign or warning in a prominent and conspicuous location on or at the automated teller machine at which the financial transaction is initiated by the consumer. Such sign shall clearly state: (i) that a fee is imposed for the use of such machine; and (ii) the amount of such fee. (b)] The automated teller machine operator shall [also] provide notice on the screen of the automated teller machine or on a paper issued from such machine after the financial transaction is initiated, but before the consumer is irrevocably committed to completing the transaction. Such notice shall clearly state: (i) that a fee is imposed for the use EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD05805-03-3
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