Assembly Actions - Lowercase Senate Actions - UPPERCASE |
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Jan 06, 2016 | referred to aging |
Feb 27, 2015 | print number 5336a |
Feb 27, 2015 | amend and recommit to aging |
Feb 18, 2015 | referred to aging |
assembly Bill A5336A
2015-2016 Legislative Session
Sponsored By
CYMBROWITZ
Archive: Last Bill Status - In Assembly Committee
- Introduced
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
Your Voice
Actions
Bill Amendments
Co-Sponsors
David Weprin
Joseph Morelle
Robin Schimminger
William Scarborough
Multi-Sponsors
Andrew Hevesi
Luis R. Sepúlveda
A5336 - Details
A5336 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5336 2015-2016 Regular Sessions I N A S S E M B L Y February 18, 2015 ___________ Introduced by M. of A. CYMBROWITZ, WEPRIN -- Multi-Sponsored by -- M. of A. SEPULVEDA -- read once and referred to the Committee on Aging AN ACT to amend the social services law and the banking law, in relation to authorizing banking organizations to refuse to disburse moneys in circumstances of the financial exploitation of a vulnerable adult THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 473 of the social services law is amended by adding a new subdivision 9 to read as follows: 9. (A) AS USED IN THIS SUBDIVISION: (I) "BANKING INSTITUTION" MEANS ANY STATE OR FEDERALLY CHARTERED BANK, TRUST COMPANY, SAVINGS BANK, SAVINGS AND LOAN ASSOCIATION OR, CREDIT UNION. (II) "VULNERABLE ADULT" MEANS AN INDIVIDUAL WHO BECAUSE OF MENTAL AND/OR PHYSICAL IMPAIRMENT, IS UNABLE TO MANAGE HIS OR HER OWN RESOURCES, OR PROTECT HIMSELF OR HERSELF FROM FINANCIAL EXPLOITATION. (B) IF A BANKING INSTITUTION, SOCIAL SERVICES OFFICIAL OR LAW ENFORCE- MENT AGENCY REASONABLY BELIEVES THAT FINANCIAL EXPLOITATION OF A VULNER- ABLE ADULT HAS OCCURRED OR MAY OCCUR, THE BANKING INSTITUTION MAY, BUT SHALL NOT BE REQUIRED TO, REFUSE ANY TRANSACTION REQUIRING THE DISBURSAL OF MONEYS IN THE ACCOUNT OF: (I) A VULNERABLE ADULT; (II) WHICH A VULNERABLE ADULT IS A BENEFICIARY, INCLUDING TRUST AND GUARDIANSHIP ACCOUNTS; AND (III) A PERSON WHO IS SUSPECTED OF ENGAGING IN THE FINANCIAL EXPLOITA- TION OF A VULNERABLE ADULT. (C) A BANKING INSTITUTION MAY ALSO REFUSE TO DISBURSE MONEYS PURSUANT TO THIS SUBDIVISION IF A SOCIAL SERVICES OFFICIAL OR LAW ENFORCEMENT AGENCY PROVIDES INFORMATION TO SUCH INSTITUTION DEMONSTRATING THAT IT IS REASONABLE TO BELIEVE THAT FINANCIAL EXPLOITATION OF A VULNERABLE ADULT HAS OCCURRED OR MAY OCCUR. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD09166-01-5
Co-Sponsors
David Weprin
Joseph Morelle
Robin Schimminger
Michael G. Miller
Multi-Sponsors
Edward Braunstein
James F. Brennan
Stephen Hawley
Andrew Hevesi
A5336A (ACTIVE) - Details
A5336A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5336--A 2015-2016 Regular Sessions I N A S S E M B L Y February 18, 2015 ___________ Introduced by M. of A. CYMBROWITZ, WEPRIN, MORELLE, SCHIMMINGER, SCAR- BOROUGH, MILLER -- Multi-Sponsored by -- M. of A. HEVESI, SEPULVEDA -- read once and referred to the Committee on Aging -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the social services law and the banking law, in relation to authorizing banking organizations to refuse to disburse moneys in circumstances of the financial exploitation of a vulnerable adult THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 473 of the social services law is amended by adding a new subdivision 9 to read as follows: 9. (A) AS USED IN THIS SUBDIVISION: (I) "BANKING INSTITUTION" MEANS ANY STATE OR FEDERALLY CHARTERED BANK, TRUST COMPANY, SAVINGS BANK, SAVINGS AND LOAN ASSOCIATION OR, CREDIT UNION. (II) "VULNERABLE ADULT" MEANS AN INDIVIDUAL WHO BECAUSE OF MENTAL AND/OR PHYSICAL IMPAIRMENT, IS UNABLE TO MANAGE HIS OR HER OWN RESOURCES, OR PROTECT HIMSELF OR HERSELF FROM FINANCIAL EXPLOITATION. (B) IF A BANKING INSTITUTION, SOCIAL SERVICES OFFICIAL OR LAW ENFORCE- MENT AGENCY REASONABLY BELIEVES THAT FINANCIAL EXPLOITATION OF A VULNER- ABLE ADULT HAS OCCURRED OR MAY OCCUR, THE BANKING INSTITUTION MAY, BUT SHALL NOT BE REQUIRED TO, REFUSE ANY TRANSACTION REQUIRING THE DISBURSAL OF MONEYS IN THE ACCOUNT OF: (I) A VULNERABLE ADULT; (II) WHICH A VULNERABLE ADULT IS A BENEFICIARY, INCLUDING TRUST AND GUARDIANSHIP ACCOUNTS; AND (III) A PERSON WHO IS SUSPECTED OF ENGAGING IN THE FINANCIAL EXPLOITA- TION OF A VULNERABLE ADULT. (C) A BANKING INSTITUTION MAY ALSO REFUSE TO DISBURSE MONEYS PURSUANT TO THIS SUBDIVISION IF A SOCIAL SERVICES OFFICIAL OR LAW ENFORCEMENT EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD09166-02-5
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