Senate Bill S4685A

2015-2016 Legislative Session

Authorizes and regulates the use of payroll card accounts

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee Labor Committee


  • 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

Do you support this bill?

Please enter your contact information

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.
Actions

Bill Amendments

co-Sponsors

2015-S4685 - Details

Current Committee:
Senate Labor
Law Section:
Labor Law
Laws Affected:
Amd §§190, 192 & 198, add §§192-a, 192-b & 192-c, Lab L
Versions Introduced in 2013-2014 Legislative Session:
S7790

2015-S4685 - Summary

Authorizes and regulates the use of payroll card accounts.

2015-S4685 - Sponsor Memo

2015-S4685 - Bill Text download pdf

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

                                  4685

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                              April 7, 2015
                               ___________

Introduced  by  Sen. GALLIVAN -- (at request of the Attorney General) --
  read twice and ordered printed, and when printed to  be  committed  to
  the Committee on Labor

AN ACT to amend the labor law, in relation to authorizing and regulating
  the use of payroll cards

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

  Section 1. Section 190 of the labor law is amended by adding eight new
subdivisions 10, 11, 12, 13, 14, 15, 16 and 17 to read as follows:
  10. "ACCOUNT" MEANS A DEMAND DEPOSIT  (CHECKING),  SAVINGS,  OR  OTHER
CONSUMER  ASSET  ACCOUNT  (OTHER THAN AN OCCASIONAL OR INCIDENTAL CREDIT
BALANCE IN A CREDIT PLAN) HELD DIRECTLY OR  INDIRECTLY  BY  A  FINANCIAL
INSTITUTION AND ESTABLISHED PRIMARILY FOR PERSONAL, FAMILY, OR HOUSEHOLD
PURPOSES.
  11.  "ELECTRONIC  FUND  TRANSFER"  MEANS ANY TRANSFER OF FUNDS THAT IS
INITIATED  THROUGH  AN  ELECTRONIC  TERMINAL,  TELEPHONE,  COMPUTER,  OR
MAGNETIC TAPE FOR THE PURPOSE OF ORDERING, INSTRUCTING, OR AUTHORIZING A
FINANCIAL  INSTITUTION  TO  DEBIT  OR  CREDIT AN EMPLOYEE'S PAYROLL CARD
ACCOUNT. ELECTRONIC FUND TRANSFER INCLUDES, BUT IS NOT LIMITED TO:
  A. POINT-OF-SALE TRANSFERS;
  B. AUTOMATED TELLER MACHINE TRANSFERS;
  C. DIRECT DEPOSITS OR WITHDRAWALS OF FUNDS;
  D. TRANSFERS INITIATED BY TELEPHONE; AND
  E. TRANSFERS RESULTING FROM DEBIT CARD TRANSACTIONS,  WHETHER  OR  NOT
INITIATED THROUGH AN ELECTRONIC TERMINAL.
  12.  "PAYROLL CARD ACCOUNT" MEANS AN ACCOUNT THAT IS DIRECTLY OR INDI-
RECTLY ESTABLISHED THROUGH OR BY AN EMPLOYER AND INTO WHICH AN  EMPLOYER
DIRECTLY OR INDIRECTLY DEPOSITS AN EMPLOYEE'S WAGES THROUGH AN ELECTRON-
IC FUNDS TRANSFER.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD08769-01-5

S. 4685                             2
              

co-Sponsors

2015-S4685A (ACTIVE) - Details

Current Committee:
Senate Labor
Law Section:
Labor Law
Laws Affected:
Amd §§190, 192 & 198, add §§192-a, 192-b & 192-c, Lab L
Versions Introduced in 2013-2014 Legislative Session:
S7790

2015-S4685A (ACTIVE) - Summary

Authorizes and regulates the use of payroll card accounts.

2015-S4685A (ACTIVE) - Sponsor Memo

2015-S4685A (ACTIVE) - Bill Text download pdf

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

                                 4685--A

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                              April 7, 2015
                               ___________

Introduced  by  Sens.  GALLIVAN,  O'MARA  -- (at request of the Attorney
  General) -- read twice and ordered printed, and  when  printed  to  be
  committed to the Committee on Labor -- recommitted to the Committee on
  Labor   in  accordance  with  Senate  Rule  6,  sec.  8  --  committee
  discharged, bill amended, ordered reprinted as amended and recommitted
  to said committee

AN ACT to amend the labor law, in relation to authorizing and regulating
  the use of payroll cards

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

  Section 1. Section 190 of the labor law is amended by adding eight new
subdivisions 10, 11, 12, 13, 14, 15, 16 and 17 to read as follows:
  10.  "ACCOUNT"  MEANS  A  DEMAND DEPOSIT (CHECKING), SAVINGS, OR OTHER
CONSUMER ASSET ACCOUNT (OTHER THAN AN OCCASIONAL  OR  INCIDENTAL  CREDIT
BALANCE  IN  A  CREDIT  PLAN) HELD DIRECTLY OR INDIRECTLY BY A FINANCIAL
INSTITUTION AND ESTABLISHED PRIMARILY FOR PERSONAL, FAMILY, OR HOUSEHOLD
PURPOSES.
  11. "ELECTRONIC FUND TRANSFER" MEANS ANY TRANSFER  OF  FUNDS  THAT  IS
INITIATED  THROUGH  AN  ELECTRONIC  TERMINAL,  TELEPHONE,  COMPUTER,  OR
MAGNETIC TAPE FOR THE PURPOSE OF ORDERING, INSTRUCTING, OR AUTHORIZING A
FINANCIAL INSTITUTION TO DEBIT OR  CREDIT  AN  EMPLOYEE'S  PAYROLL  CARD
ACCOUNT. ELECTRONIC FUND TRANSFER INCLUDES, BUT IS NOT LIMITED TO:
  A. POINT-OF-SALE TRANSFERS;
  B. AUTOMATED TELLER MACHINE TRANSFERS;
  C. DIRECT DEPOSITS OR WITHDRAWALS OF FUNDS;
  D. TRANSFERS INITIATED BY TELEPHONE; AND
  E.  TRANSFERS  RESULTING  FROM DEBIT CARD TRANSACTIONS, WHETHER OR NOT
INITIATED THROUGH AN ELECTRONIC TERMINAL.
  12. "PAYROLL CARD ACCOUNT" MEANS AN ACCOUNT THAT IS DIRECTLY OR  INDI-
RECTLY  ESTABLISHED THROUGH OR BY AN EMPLOYER AND INTO WHICH AN EMPLOYER

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD08769-05-6

              

Comments

Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.

Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.

Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.