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Assembly Bill A4534

2015-2016 Legislative Session

Increases number of withdrawal transactions from basic banking accounts for account holders sixty-five years of age or older from eight to twelve

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Archive: Last Bill Status - Stricken

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2015-A4534 (ACTIVE) - Details

See Senate Version of this Bill:
S6242
Law Section:
Banking Law
Laws Affected:
Amd ยง14-f, Bank L
Versions Introduced in Other Legislative Sessions:
2009-2010: A3072, S5599
2011-2012: A3315, S3652
2013-2014: A3073, S6308
2017-2018: A7617, S2452
2019-2020: A1940, S2245

2015-A4534 (ACTIVE) - Summary

Increases the number of authorized withdrawal transactions at no charge from basic banking accounts for account holders sixty-five years of age or older from eight to twelve.

2015-A4534 (ACTIVE) - Bill Text download pdf 

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

                                  4534

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                            February 3, 2015
                               ___________

Introduced  by  M. of A. CLARK, COLTON, GLICK, ORTIZ, ABINANTI -- Multi-
  Sponsored by -- M. of A.  BRENNAN,  CYMBROWITZ,  DINOWITZ,  GOTTFRIED,
  MAGEE,  PERRY,  WRIGHT  --  read once and referred to the Committee on
  Banks

AN ACT to amend the banking law, in relation to the number of withdrawal
  transactions from a basic banking account

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

  Section 1. Paragraph (c) of subdivision 2 of section 14-f of the bank-
ing  law, as added by chapter 1 of the laws of 1994 and such subdivision
as further amended by section 104 of part A of chapter 62 of the laws of
2011, is amended to read as follows:
  (c) eight withdrawal transactions FOR ACCOUNT HOLDERS UNDER SIXTY-FIVE
YEARS OF AGE, AND TWELVE WITHDRAWAL  TRANSACTIONS  FOR  ACCOUNT  HOLDERS
SIXTY-FIVE YEARS OF AGE OR OLDER, including those conducted at electron-
ic  facilities, during any periodic cycle at no additional charge to the
account holder; and
  S 2. This act shall take effect on the sixtieth  day  after  it  shall
have become a law.





 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD08625-01-5

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