Assembly Bill A7345B

2013-2014 Legislative Session

Establishes the opt in program for reporting of suspected financial exploitation

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Archive: Last Bill Status - On Floor Calendar


  • 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

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Bill Amendments

co-Sponsors

multi-Sponsors

2013-A7345 - Details

See Senate Version of this Bill:
S6927
Law Section:
Banking Law
Laws Affected:
Add Art 2-D §90, Bank L
Versions Introduced in Other Legislative Sessions:
2015-2016: A4037, S2806
2017-2018: A8167
2019-2020: A4631

2013-A7345 - Summary

Establishes the opt in program for reporting of suspected financial exploitation.

2013-A7345 - Bill Text download pdf

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

                                  7345

                       2013-2014 Regular Sessions

                          I N  A S S E M B L Y

                              May 13, 2013
                               ___________

Introduced  by  M.  of  A.  ROBINSON,  MILLMAN,  WEPRIN, PEOPLES-STOKES,
  CAMARA, BARRON -- read once and referred to the Committee on Aging

AN ACT to amend the banking law, in relation to establishing the opt  in
  program for reporting of suspected financial exploitation

  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 article  2-D  to
read as follows:
                               ARTICLE 2-D
                         FINANCIAL EXPLOITATION
SECTION 90. OPT  IN PROGRAM FOR REPORTING OF SUSPECTED FINANCIAL EXPLOI-
              TATION.
  S 90. OPT IN PROGRAM FOR REPORTING OF  SUSPECTED  FINANCIAL  EXPLOITA-
TION. 1. AS USED IN THIS ARTICLE:
  (A)  "ADULT  PROTECTIVE  SERVICES  AGENCY"  SHALL  MEAN A LOCAL SOCIAL
SERVICES OFFICE PROVIDING ADULT PROTECTIVE SERVICES PURSUANT TO  SECTION
FOUR HUNDRED SEVENTY-THREE OF THE SOCIAL SERVICES LAW;
  (B)  "FINANCIAL  EXPLOITATION"  SHALL  MEAN IMPROPER USE OF AN ADULT'S
FUNDS, PROPERTY OR RESOURCES BY ANOTHER INDIVIDUAL,  INCLUDING  BUT  NOT
LIMITED  TO,  FRAUD, FALSE PRETENSES, EMBEZZLEMENT, CONSPIRACY, FORGERY,
FALSIFYING RECORDS, COERCED PROPERTY TRANSFERS, OR DENIAL OF  ACCESS  TO
ASSETS; AND
  (C) "FINANCIAL INSTITUTION" SHALL MEAN BANKS, TRUST COMPANIES, PRIVATE
BANKERS, SAVINGS BANKS, LICENSED LENDERS, SAVINGS AND LOAN ASSOCIATIONS,
CREDIT  UNIONS, INVESTMENT COMPANIES, MUTUAL TRUST INVESTMENT COMPANIES,
AND BANKING ORGANIZATIONS AS DEFINED IN SECTION TWO OF THIS CHAPTER.
  2. THE DEPARTMENT SHALL DEVELOP A VOLUNTARY PROGRAM WHERE A  FINANCIAL
INSTITUTION  MAY  BE  REQUIRED  BY AN INDIVIDUAL WHO HAS AN ACCOUNT WITH
SUCH FINANCIAL INSTITUTION TO REPORT SUSPECTED FINANCIAL EXPLOITATION TO
THE APPROPRIATE ADULT PROTECTIVE SERVICES  AGENCY  AND  APPROPRIATE  LAW
ENFORCEMENT. THIS PROGRAM SHALL OPERATE UNDER THE FOLLOWING PARAMETERS:

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD10951-01-3
              

co-Sponsors

multi-Sponsors

2013-A7345A - Details

See Senate Version of this Bill:
S6927
Law Section:
Banking Law
Laws Affected:
Add Art 2-D §90, Bank L
Versions Introduced in Other Legislative Sessions:
2015-2016: A4037, S2806
2017-2018: A8167
2019-2020: A4631

2013-A7345A - Summary

Establishes the opt in program for reporting of suspected financial exploitation.

2013-A7345A - Bill Text download pdf

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

                                 7345--A

                       2013-2014 Regular Sessions

                          I N  A S S E M B L Y

                              May 13, 2013
                               ___________

Introduced  by  M.  of  A.  ROBINSON,  MILLMAN,  WEPRIN, PEOPLES-STOKES,
  CAMARA, BARRON, MOSLEY, OTIS, BARRETT, BROOK-KRASNY -- Multi-Sponsored
  by -- M. of A.  ARROYO, SIMANOWITZ -- read once and  referred  to  the
  Committee  on Aging -- reported and referred to the Committee on Codes
  -- committee discharged, bill amended, ordered  reprinted  as  amended
  and recommitted to said committee

AN  ACT to amend the banking law, in relation to establishing the opt in
  program for reporting of suspected financial exploitation

  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 article 2-D to
read as follows:
                               ARTICLE 2-D
                         FINANCIAL EXPLOITATION
SECTION 90. OPT IN PROGRAM FOR REPORTING OF SUSPECTED FINANCIAL  EXPLOI-
              TATION.
  S  90.  OPT  IN PROGRAM FOR REPORTING OF SUSPECTED FINANCIAL EXPLOITA-
TION. 1. AS USED IN THIS ARTICLE:
  (A) "ADULT PROTECTIVE SERVICES  AGENCY"  SHALL  MEAN  A  LOCAL  SOCIAL
SERVICES  OFFICE PROVIDING ADULT PROTECTIVE SERVICES PURSUANT TO SECTION
FOUR HUNDRED SEVENTY-THREE OF THE SOCIAL SERVICES LAW;
  (B) "FINANCIAL EXPLOITATION" SHALL MEAN IMPROPER  USE  OF  AN  ADULT'S
FUNDS,  PROPERTY  OR  RESOURCES BY ANOTHER INDIVIDUAL, INCLUDING BUT NOT
LIMITED TO, FRAUD, FALSE PRETENSES, EMBEZZLEMENT,  CONSPIRACY,  FORGERY,
FALSIFYING  RECORDS,  COERCED PROPERTY TRANSFERS, OR DENIAL OF ACCESS TO
ASSETS; AND
  (C) "FINANCIAL INSTITUTION" SHALL MEAN BANKS, TRUST COMPANIES, PRIVATE
BANKERS, SAVINGS BANKS, LICENSED LENDERS, SAVINGS AND LOAN ASSOCIATIONS,
CREDIT UNIONS, INVESTMENT COMPANIES, MUTUAL TRUST INVESTMENT  COMPANIES,
AND BANKING ORGANIZATIONS AS DEFINED IN SECTION TWO OF THIS CHAPTER THAT
ARE LICENSED BY THE SUPERINTENDENT.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD10951-02-3
              

co-Sponsors

multi-Sponsors

2013-A7345B (ACTIVE) - Details

See Senate Version of this Bill:
S6927
Law Section:
Banking Law
Laws Affected:
Add Art 2-D §90, Bank L
Versions Introduced in Other Legislative Sessions:
2015-2016: A4037, S2806
2017-2018: A8167
2019-2020: A4631

2013-A7345B (ACTIVE) - Summary

Establishes the opt in program for reporting of suspected financial exploitation.

2013-A7345B (ACTIVE) - Bill Text download pdf

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

                                 7345--B

                       2013-2014 Regular Sessions

                          I N  A S S E M B L Y

                              May 13, 2013
                               ___________

Introduced  by  M.  of  A.  ROBINSON,  MILLMAN,  WEPRIN, PEOPLES-STOKES,
  CAMARA, BARRON, MOSLEY, OTIS, BARRETT, BROOK-KRASNY -- Multi-Sponsored
  by -- M. of A.  ARROYO, SIMANOWITZ -- read once and  referred  to  the
  Committee  on Aging -- reported and referred to the Committee on Codes
  -- committee discharged, bill amended, ordered  reprinted  as  amended
  and  recommitted to said committee -- again reported from said commit-
  tee with amendments, ordered reprinted as amended and  recommitted  to
  said committee

AN  ACT to amend the banking law, in relation to establishing the opt in
  program for reporting of suspected financial exploitation

  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 article 2-D to
read as follows:
                               ARTICLE 2-D
                         FINANCIAL EXPLOITATION
SECTION 90. OPT IN PROGRAM FOR REPORTING OF SUSPECTED FINANCIAL  EXPLOI-
              TATION.
  S  90.  OPT  IN PROGRAM FOR REPORTING OF SUSPECTED FINANCIAL EXPLOITA-
TION. 1. AS USED IN THIS ARTICLE:
  (A) "ADULT PROTECTIVE SERVICES  AGENCY"  SHALL  MEAN  A  LOCAL  SOCIAL
SERVICES  OFFICE PROVIDING ADULT PROTECTIVE SERVICES PURSUANT TO SECTION
FOUR HUNDRED SEVENTY-THREE OF THE SOCIAL SERVICES LAW;
  (B) "FINANCIAL EXPLOITATION" SHALL MEAN IMPROPER  USE  OF  AN  ADULT'S
FUNDS,  PROPERTY  OR  RESOURCES BY ANOTHER INDIVIDUAL, INCLUDING BUT NOT
LIMITED TO, FRAUD, FALSE PRETENSES, EMBEZZLEMENT,  CONSPIRACY,  FORGERY,
FALSIFYING  RECORDS,  COERCED PROPERTY TRANSFERS, OR DENIAL OF ACCESS TO
ASSETS; AND
  (C) "FINANCIAL INSTITUTION" SHALL MEAN BANKS, TRUST COMPANIES, PRIVATE
BANKERS, SAVINGS BANKS, LICENSED LENDERS, SAVINGS AND LOAN ASSOCIATIONS,
CREDIT UNIONS, INVESTMENT COMPANIES, MUTUAL TRUST INVESTMENT  COMPANIES,

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD10951-03-3
              

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