assembly Bill A9634B

2015-2016 Legislative Session

Relates to enacting the "community financial services access and modernization act of 2016"

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Archive: Last Bill Status - In Assembly Committee


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

view actions (6)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jun 13, 2016 print number 9634b
Jun 13, 2016 amend and recommit to codes
Jun 01, 2016 reported referred to codes
May 27, 2016 print number 9634a
May 27, 2016 amend (t) and recommit to banks
Mar 23, 2016 referred to banks

Co-Sponsors

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Multi-Sponsors

A9634 - Details

See Senate Version of this Bill:
S6985
Current Committee:
Assembly Codes
Law Section:
Banking Law
Laws Affected:
Amd Bank L, generally
Versions Introduced in 2017-2018 Legislative Session:
A672

A9634 - Summary

Relates to enacting the "community financial services access and modernization act".

A9634 - Bill Text download pdf

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

                                  9634

                          I N  A S S E M B L Y

                             March 23, 2016
                               ___________

Introduced  by  M.  of  A.  RODRIGUEZ  --  read once and referred to the
  Committee on Banks

AN ACT to amend the banking law and the penal law, in relation to enact-
  ing the "community financial services access and modernization act  of
  2016"; and to amend chapter 591 of the laws of 2001 amending the bank-
  ing  law relating to limiting the check cashing exemption for national
  banks and other regulated entities, in relation to  the  effectiveness
  thereof

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

  Section 1. Short title. This act shall be known as and may be cited as
the "community financial services access and modernization act of 2016".
  S 2. Paragraph (b) of subdivision 5 of section  18-a  of  the  banking
law,  as  amended by chapter 155 of the laws of 2012, is amended to read
as follows:
  (b) two thousand dollars when the application relates to the licensing
of an additional location or change of location or the  licensing  of  a
[mobile  unit]   LIMITED STATION of a licensed [casher of checks] FINAN-
CIAL SERVICES PROVIDER; or
  S 3. The third undesignated paragraph of section 340  of  the  banking
law,  as  added by chapter 22 of the laws of 1990, is amended to read as
follows:
  Nothing in this  article  shall  apply  to  licensed  collateral  loan
brokers OR LICENSED FINANCIAL SERVICES PROVIDERS.
  S  4.  Section 366 of the banking law, as amended by chapter 49 of the
laws of 1961, subdivision 1 as amended by chapter 849  of  the  laws  of
1964  and  as  further amended by section 104 of part A of chapter 62 of
the laws of 2011, subdivisions 2 and 3 as renumbered by chapter  132  of
the laws of 1969, is amended to read as follows:
  S 366.  Definitions.  When used in this article. 1. The term "licensed
[casher of checks] FINANCIAL SERVICES PROVIDER" means  any  [individual,
partnership,  unincorporated  association  or  corporation]  PERSON duly
licensed by the superintendent of financial services to engage in  busi-
ness pursuant to the provisions of this article.

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

Co-Sponsors

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Multi-Sponsors

A9634A - Details

See Senate Version of this Bill:
S6985
Current Committee:
Assembly Codes
Law Section:
Banking Law
Laws Affected:
Amd Bank L, generally
Versions Introduced in 2017-2018 Legislative Session:
A672

A9634A - Summary

Relates to enacting the "community financial services access and modernization act".

A9634A - Bill Text download pdf

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

                                 9634--A

                          I N  A S S E M B L Y

                             March 23, 2016
                               ___________

Introduced  by  M.  of A. RODRIGUEZ, ARROYO, BENEDETTO, PICHARDO, PERRY,
  LINARES,  CRESPO,   HYNDMAN,   RIVERA,   DILAN,   TENNEY,   SEPULVEDA,
  JEAN-PIERRE,  WEPRIN -- Multi-Sponsored by -- M. of A. ABBATE, FARRELL
  -- read once and referred to  the  Committee  on  Banks  --  committee
  discharged, bill amended, ordered reprinted as amended and recommitted
  to said committee

AN  ACT to amend the banking law, in relation to enacting the "community
  financial services access and modernization act of 2016"; and  provid-
  ing for the repeal of certain provisions upon expiration thereof

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

  Section 1. Short title. This act shall be known as and may be cited as
the "community financial services access and modernization act of 2016".
  S 2. Paragraph (b) of subdivision 5 of section  18-a  of  the  banking
law,  as  amended by chapter 155 of the laws of 2012, is amended to read
as follows:
  (b) two thousand dollars when the application relates to the licensing
of an additional location or change of location or the  licensing  of  a
[mobile  unit]   LIMITED STATION of a licensed [casher of checks] FINAN-
CIAL SERVICES PROVIDER; or
  S 3. The third undesignated paragraph of section 340  of  the  banking
law,  as  added by chapter 22 of the laws of 1990, is amended to read as
follows:
  Nothing in this  article  shall  apply  to  licensed  collateral  loan
brokers OR LICENSED FINANCIAL SERVICES PROVIDERS.
  S  4.  Section 366 of the banking law, as amended by chapter 49 of the
laws of 1961, subdivision 1 as amended by chapter 849  of  the  laws  of
1964  and  as  further amended by section 104 of part A of chapter 62 of
the laws of 2011, subdivisions 2 and 3 as renumbered by chapter  132  of
the laws of 1969, is amended to read as follows:
  S 366.  Definitions.  When used in this article. 1. The term "licensed
[casher of checks] FINANCIAL SERVICES PROVIDER" means  any  [individual,
partnership,  unincorporated  association  or  corporation]  PERSON duly

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD14451-06-6

Co-Sponsors

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Multi-Sponsors

A9634B (ACTIVE) - Details

See Senate Version of this Bill:
S6985
Current Committee:
Assembly Codes
Law Section:
Banking Law
Laws Affected:
Amd Bank L, generally
Versions Introduced in 2017-2018 Legislative Session:
A672

A9634B (ACTIVE) - Summary

Relates to enacting the "community financial services access and modernization act".

A9634B (ACTIVE) - Bill Text download pdf

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

                                 9634--B

                          I N  A S S E M B L Y

                             March 23, 2016
                               ___________

Introduced  by  M. of A. RODRIGUEZ, BENEDETTO, PICHARDO, PERRY, LINARES,
  CRESPO, RIVERA, DILAN, TENNEY, SEPULVEDA, JEAN-PIERRE, WEPRIN, HARRIS,
  HEVESI -- Multi-Sponsored by -- M. of A. ABBATE,  CANCEL,  FARRELL  --
  read  once  and  referred  to  the  Committee  on  Banks  -- committee
  discharged, bill amended, ordered reprinted as amended and recommitted
  to said committee -- 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 enacting the  "community
  financial  services access and modernization act of 2016"; and provid-
  ing for the repeal of certain provisions upon expiration thereof

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

  Section 1. Short title. This act shall be known as and may be cited as
the "community financial services access and modernization act of 2016".
  S  2.  Paragraph  (b)  of subdivision 5 of section 18-a of the banking
law, as amended by chapter 155 of the laws of 2012, is amended  to  read
as follows:
  (b) two thousand dollars when the application relates to the licensing
of  an  additional  location or change of location or the licensing of a
[mobile unit]  LIMITED STATION of a licensed [casher of  checks]  FINAN-
CIAL SERVICES PROVIDER; or
  S  3.  The  third undesignated paragraph of section 340 of the banking
law, as added by chapter 22 of the laws of 1990, is amended to  read  as
follows:
  Nothing  in  this  article  shall  apply  to  licensed collateral loan
brokers OR LICENSED FINANCIAL SERVICES PROVIDERS.
  S 4. Section 366 of the banking law, as amended by chapter 49  of  the
laws  of  1961,  subdivision  1 as amended by chapter 849 of the laws of
1964 and as further amended by section 104 of part A of  chapter  62  of
the  laws  of 2011, subdivisions 2 and 3 as renumbered by chapter 132 of
the laws of 1969, is amended to read as follows:
  S 366. Definitions. When used in this article. 1. The  term  "licensed
[casher  of  checks] FINANCIAL SERVICES PROVIDER" means any [individual,

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