Assembly Actions - Lowercase Senate Actions - UPPERCASE |
|
---|---|
May 07, 2014 | reported and committed to finance |
Feb 26, 2014 | notice of committee consideration - requested |
Jan 08, 2014 | referred to banks |
Jun 10, 2013 | print number 606a |
Jun 10, 2013 | amend and recommit to commerce, economic development and small business |
Apr 23, 2013 | reported and committed to commerce, economic development and small business |
Mar 08, 2013 | notice of committee consideration - requested |
Jan 09, 2013 | referred to banks |
senate Bill S606A
Sponsored By
Michael Gianaris
(D, WF) 12th Senate District
Archive: Last Bill Status - In Senate Committee Finance Committee
- Introduced
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
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Actions
Votes
Bill Amendments
Co-Sponsors
Eric Adams
(D, WF) 0 Senate District
Joseph P. Addabbo Jr
(D) 15th Senate District
Tony Avella
(D) 0 Senate District
Ruth Hassell-Thompson
(D, WF) 0 Senate District
S606 - Details
S606 - Sponsor Memo
BILL NUMBER:S606 TITLE OF BILL: An act to amend the banking law, in relation to requiring transmitters of money to provide a certain warning to consumers PURPOSE OR GENERAL IDEA OF BILL: This bill would require a transmitter of money to provide a warning about fraud to consumers. SUMMARY OF SPECIFIC PROVISIONS: Section 1 of this act would amend the banking law by adding a new section, requiring a person engaged in the business of receiving money for transmission or transmitting money to clearly and prominently warn the consumers about fraud prior to completing the transfer. Section 2 makes this act effective on the one hundred eightieth day after it shall have become a law. JUSTIFICATION: Consumer fraud hurts everyone regardless of age. The elderly, however, are especially vulnerable to scams that call for the transferring of money. People receive calls or emails informing them that they won the lottery, that they have been offered a great deal, or that they
S606 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 606 2013-2014 Regular Sessions I N S E N A T E (PREFILED) January 9, 2013 ___________ Introduced by Sens. GIANARIS, ADAMS, ADDABBO, AVELLA, HASSELL-THOMPSON, KENNEDY, KRUEGER, MONTGOMERY, PARKER, STAVISKY, STEWART-COUSINS -- 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 requiring transmitters of money to provide a certain warning to consumers 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 652-c to read as follows: S 652-C. REQUIRED WARNING. 1. A PERSON ENGAGED IN THE BUSINESS OF RECEIVING MONEY FOR TRANSMISSION OR TRANSMITTING MONEY BY WIRE OR ELEC- TRONIC TRANSFER WHICH, AT THE REQUEST OF AN INDIVIDUAL WHO IN PERSON, BY TELEPHONE OR ELECTRONIC MEANS TRANSMITS FUNDS TO ANOTHER PERSON, BUSI- NESS OR ENTITY, SHALL CLEARLY AND PROMINENTLY WARN THE PERSON REQUESTING THE TRANSMISSION PRIOR TO COMPLETING SUCH TRANSMISSION OF FUNDS. SUCH WARNING SHALL CONTAIN AT THE MINIMUM THE FOLLOWING STATEMENTS: (A) "WARNING: DO NOT FALL VICTIM TO CONSUMER FRAUD." (B) "ARE YOU SENDING MONEY TO CLAIM LOTTERY WINNINGS?" (C) "ARE YOU SENDING MONEY BECAUSE YOU WERE GUARANTEED A CREDIT CARD OR LOAN?" (D) "ARE YOU RESPONDING TO AN INTERNET OR PHONE OFFER THAT YOU ARE NOT SURE IS HONEST?" (E) "ARE YOU SENDING MONEY TO SOMEONE YOU DO NOT KNOW OR WHOSE IDENTI- TY YOU CANNOT VERIFY?" (F) "ASK THE SALES CLERK OR REPRESENTATIVE TO STOP YOUR TRANSFER RIGHT AWAY IF YOU HAVE ANY QUESTIONS OR ARE UNSURE ABOUT THE NATURE OF YOUR TRANSACTION. IT COULD BE FRAUD." 2. FOR THE PURPOSES OF THIS SECTION, "CLEARLY AND PROMINENTLY" MEANS: (A) IN WRITTEN COMMUNICATIONS, INCLUDING PRINT AND THOSE MADE THROUGH AN EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
Co-Sponsors
Joseph P. Addabbo Jr
(D) 15th Senate District
Tony Avella
(D) 0 Senate District
Ruth Hassell-Thompson
(D, WF) 0 Senate District
Timothy M. Kennedy
(D, WF) 63rd Senate District
S606A (ACTIVE) - Details
S606A (ACTIVE) - Sponsor Memo
BILL NUMBER:S606A TITLE OF BILL: An act to amend the banking law, in relation to requiring transmitters of money to provide a certain warning to consumers PURPOSE OR GENERAL IDEA OF BILL: This bill would require a transmitter of money to provide a warning about fraud to consumers. SUMMARY OF SPECIFIC PROVISIONS: Section 1 of this act would amend the banking law by adding a new section, requiring a person engaged in the business of receiving money for transmission or transmitting money to clearly and prominently warn the consumers about fraud prior to completing the transfer. Section 2 makes this act effective on the one hundred eightieth day after it shall have become a law. JUSTIFICATION: Consumer fraud hurts everyone regardless of age. The elderly, however, are especially vulnerable to scams that call for the transferring of money. People receive calls or emails informing them that they won the lottery, that they have been offered a great deal, or that they can apply for a credit card if they simply transfer funds to an unspecified address. People have lost hundreds of thousands of dollars
S606A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 606--A 2013-2014 Regular Sessions I N S E N A T E (PREFILED) January 9, 2013 ___________ Introduced by Sens. GIANARIS, ADAMS, ADDABBO, AVELLA, HASSELL-THOMPSON, KENNEDY, KRUEGER, MONTGOMERY, PARKER, STAVISKY, STEWART-COUSINS -- read twice and ordered printed, and when printed to be committed to the Committee on Banks -- reported favorably from said committee and committed to the Committee on Commerce, Economic Development and Small Business -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the banking law, in relation to requiring transmitters of money to provide a certain warning to consumers 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 652-c to read as follows: S 652-C. REQUIRED WARNING. 1. A PERSON ENGAGED IN THE BUSINESS OF RECEIVING MONEY FOR TRANSMISSION OR TRANSMITTING MONEY BY WIRE OR ELEC- TRONIC TRANSFER WHICH, AT THE REQUEST OF AN INDIVIDUAL WHO IN PERSON, BY TELEPHONE OR ELECTRONIC MEANS TRANSMITS FUNDS TO ANOTHER PERSON, BUSI- NESS OR ENTITY, SHALL CLEARLY AND PROMINENTLY WARN THE PERSON REQUESTING THE TRANSMISSION PRIOR TO COMPLETING SUCH TRANSMISSION OF FUNDS. SUCH WARNING SHALL INCLUDE, BUT NOT BE LIMITED TO, THE FOLLOWING INFORMATION: (A) A TITLE IN BOLD, CAPITAL LETTERS SAYING "WARNING: DO NOT FALL VICTIM TO CONSUMER FRAUD;" (B) QUESTIONS OR INFORMATION THAT ALERT A CONSUMER ABOUT THE DANGERS OF SENDING FUNDS FOR LOTTERY WINNINGS, CREDIT CARD GUARANTEES OR LOANS, INTERNET OR PHONE OFFERS, TO PERSONS UNKNOWN TO THE CONSUMER OR PERSONS WHOSE IDENTITY THE CONSUMER CANNOT VERIFY AND ANY OTHER FRAUD ALERT; AND (C) INFORMATION ABOUT HOW TO ASK QUESTIONS OF THE SALES CLERK OR REPRESENTATIVE; AND (D) INFORMATION ABOUT HOW TO STOP A TRANSFER. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD00134-03-3
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