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Senate Bill S6215

2015-2016 Legislative Session

Enacts the "banking consumer protection act of 2016"

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Archive: Last Bill Status - In Senate Committee Banks Committee

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2015-S6215 (ACTIVE) - Details

Current Committee:
Senate Banks
Law Section:
Banking Law
Laws Affected:
Ren §75-o to be §75-p, add §75-o, Bank L
Versions Introduced in 2017-2018 Legislative Session:
S2459

2015-S6215 (ACTIVE) - Summary

Enacts the "banking consumer protection act of 2016;" relates to voluntary limits on ATM withdrawals.

2015-S6215 (ACTIVE) - Sponsor Memo

2015-S6215 (ACTIVE) - Bill Text download pdf 

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

                                  6215

                            I N  S E N A T E

                               (PREFILED)

                             January 6, 2016
                               ___________

Introduced  by Sen. HAMILTON -- 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 voluntary limits on  ATM
  withdrawals

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

  Section 1. This act shall be known and may be cited  as  the  "Banking
Consumer Protection Act of 2016".
  S  2.  Section  75-o  of  the banking law is renumbered 75-p and a new
section 75-o is added to read as follows:
  S 75-O. VOLUNTARY LIMITS ON ATM WITHDRAWALS.  ANY BANK OR CREDIT UNION
OPERATING IN THIS STATE UNDER A STATE CHARTER SHALL PERMIT ITS CONSUMERS
TO OPT IN TO A PROGRAM BY WHICH ATM WITHDRAWALS WOULD BE LIMITED TO  ONE
HUNDRED DOLLARS PER DAY.
  S 3. This act shall take effect on the one hundred eightieth day after
it shall have become a law; provided, however, that effective immediate-
ly,  the  addition,  amendment,  and/or repeal of any rule or regulation
necessary for the implementation of this act on its  effective  date  is
authorized to be made and completed on or before such effective date.





 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD13090-01-5

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