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Assembly Bill A2476C

2017-2018 Legislative Session

Relates to allowing electronic delivery of notices of premium finance agencies with insured consent

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Archive: Last Bill Status - In Assembly Committee

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Bill Amendments

co-Sponsors

2017-A2476 - Details

See Senate Version of this Bill:
S5061
Current Committee:
Assembly Banks
Law Section:
Banking Law
Laws Affected:
Amd §554, Bank L
Versions Introduced in 2015-2016 Legislative Session:
A9893, S6771

2017-A2476 - Summary

Amends the definition of the term "mail" with respect to allowing electronic delivery of notices of premium finance agencies with insured consent.

2017-A2476 - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   2476
 
                        2017-2018 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 20, 2017
                                ___________
 
 Introduced by M. of A. HEVESI, McDONALD -- read once and referred to the
   Committee on Banks
 
 AN  ACT  to  amend  the  banking law, in relation to allowing electronic
   delivery of notices by premium finance agencies with insured consent
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Section 554 of the banking law is amended by adding a new
 subdivision 10 to read as follows:
   10. "MAIL" MEANS DELIVERY BY UNITED STATES POSTAL SERVICE FIRST  CLASS
 MAIL, PERSONAL DELIVERY, OVERNIGHT DELIVERY SERVICE, ELECTRONIC EMAIL OR
 FACSIMILE  TRANSMISSION;  PROVIDED  THAT  THE USE OF ELECTRONIC EMAIL OR
 FACSIMILE TRANSMISSION BY A PREMIUM FINANCE AGENCY WITH AN INSURED IS IN
 COMPLIANCE WITH THE CONSENT REQUIREMENTS OF 15 U.S.C. § 7001(C) AND  THE
 REGULATIONS  THEREUNDER,  AS  SUCH  ACT AND REGULATIONS MAY FROM TIME TO
 TIME BE AMENDED.
   § 2. This act shall take effect immediately.
 
 
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD02632-01-7

co-Sponsors

2017-A2476A - Details

See Senate Version of this Bill:
S5061
Current Committee:
Assembly Banks
Law Section:
Banking Law
Laws Affected:
Amd §554, Bank L
Versions Introduced in 2015-2016 Legislative Session:
A9893, S6771

2017-A2476A - Summary

Amends the definition of the term "mail" with respect to allowing electronic delivery of notices of premium finance agencies with insured consent.

2017-A2476A - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  2476--A
 
                        2017-2018 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 20, 2017
                                ___________
 
 Introduced by M. of A. HEVESI, McDONALD -- 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  allowing  electronic
   delivery of notices by premium finance agencies with insured consent

   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Section 554 of the banking law is amended by adding  a  new
 subdivision 10 to read as follows:
   10.  "MAIL" MEANS DELIVERY BY UNITED STATES POSTAL SERVICE FIRST CLASS
 MAIL, PERSONAL DELIVERY, OVERNIGHT DELIVERY SERVICE, ELECTRONIC EMAIL OR
 FACSIMILE TRANSMISSION; PROVIDED THAT THE USE  OF  ELECTRONIC  EMAIL  OR
 FACSIMILE  TRANSMISSION BY A PREMIUM FINANCE AGENCY WITH AN INSURED: (A)
 IS IN COMPLIANCE WITH THE CONSENT REQUIREMENTS OF 15  U.S.C.  §  7001(C)
 AND  THE  REGULATIONS  THEREUNDER,  AS SUCH ACT AND REGULATIONS MAY FROM
 TIME TO TIME BE AMENDED AND (B) CONSPICUOUSLY AND CONCISELY NOTIFIES THE
 RECIPIENT REGARDING THE SUBJECT OF SUCH ELECTRONIC  EMAIL  OR  FACSIMILE
 TRANSMISSION.
   § 2. This act shall take effect immediately.
 
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD02632-03-7

co-Sponsors

2017-A2476B - Details

See Senate Version of this Bill:
S5061
Current Committee:
Assembly Banks
Law Section:
Banking Law
Laws Affected:
Amd §554, Bank L
Versions Introduced in 2015-2016 Legislative Session:
A9893, S6771

2017-A2476B - Summary

Amends the definition of the term "mail" with respect to allowing electronic delivery of notices of premium finance agencies with insured consent.

2017-A2476B - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  2476--B
 
                        2017-2018 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 20, 2017
                                ___________
 
 Introduced by M. of A. HEVESI, McDONALD -- read once and referred to the
   Committee  on  Banks  --  committee  discharged, bill amended, ordered
   reprinted as amended and recommitted to said committee --  recommitted
   to  the  Committee on Banks in accordance with Assembly Rule 3, sec. 2
   -- committee discharged, bill amended, ordered  reprinted  as  amended
   and recommitted to said committee
 
 AN  ACT  to  amend  the  banking law, in relation to allowing electronic
   delivery of notices by premium finance agencies with insured consent
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Section 554 of the banking law is amended by adding a new
 subdivision 10 to read as follows:
   10. "MAIL" MEANS DELIVERY BY UNITED STATES POSTAL SERVICE FIRST  CLASS
 MAIL, PERSONAL DELIVERY, OVERNIGHT DELIVERY SERVICE, ELECTRONIC EMAIL OR
 FACSIMILE  TRANSMISSION;  PROVIDED  THAT  THE USE OF ELECTRONIC EMAIL OR
 FACSIMILE TRANSMISSION BY A PREMIUM FINANCE AGENCY WITH AN INSURED:  (A)
 IS  IN  COMPLIANCE  WITH THE CONSENT REQUIREMENTS OF 15 U.S.C. § 7001(C)
 AND THE REGULATIONS THEREUNDER, AS SUCH ACT  AND  REGULATIONS  MAY  FROM
 TIME TO TIME BE AMENDED AND (B) CONSPICUOUSLY AND CONCISELY NOTIFIES THE
 RECIPIENT  REGARDING  THE  SUBJECT OF SUCH ELECTRONIC EMAIL OR FACSIMILE
 TRANSMISSION.  FOR THE PURPOSES OF THIS SUBDIVISION,  "RECIPIENT"  SHALL
 MEAN ANY INDIVIDUAL OR ENTITY STATUTORILY ENTITLED TO NOTICE PURSUANT TO
 THIS ARTICLE.
   § 2. This act shall take effect immediately.
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD02632-05-8

co-Sponsors

2017-A2476C (ACTIVE) - Details

See Senate Version of this Bill:
S5061
Current Committee:
Assembly Banks
Law Section:
Banking Law
Laws Affected:
Amd §554, Bank L
Versions Introduced in 2015-2016 Legislative Session:
A9893, S6771

2017-A2476C (ACTIVE) - Summary

Amends the definition of the term "mail" with respect to allowing electronic delivery of notices of premium finance agencies with insured consent.

2017-A2476C (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  2476--C
 
                        2017-2018 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 20, 2017
                                ___________
 
 Introduced by M. of A. HEVESI, McDONALD -- read once and referred to the
   Committee  on  Banks  --  committee  discharged, bill amended, ordered
   reprinted as amended and recommitted to said committee --  recommitted
   to  the  Committee on Banks in accordance with Assembly Rule 3, sec. 2
   -- committee discharged, bill amended, ordered  reprinted  as  amended
   and  recommitted to said committee -- again reported from said commit-
   tee with amendments, ordered reprinted as amended and  recommitted  to
   said committee
 
 AN  ACT  to  amend  the  banking law, in relation to allowing electronic
   delivery of notices by premium finance agencies with insured consent
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Section 554 of the banking law is amended by adding a new
 subdivision 10 to read as follows:
   10. "MAIL" MEANS DELIVERY BY UNITED STATES POSTAL SERVICE FIRST  CLASS
 MAIL,  PERSONAL DELIVERY, OVERNIGHT DELIVERY SERVICE, ELECTRONIC MAIL OR
 FACSIMILE TRANSMISSION; PROVIDED, HOWEVER, THAT WITH RESPECT TO DELIVERY
 BY ELECTRONIC MAIL OR FACSIMILE, THE RECIPIENT  HAS:  (A)  CONSENTED  TO
 DELIVERY BY EITHER ELECTRONIC MAIL OR FACSIMILE (AS APPLICABLE); (B) THE
 CONSENT  MEETS  THE  REQUIREMENTS  SET FORTH IN 15 USC § 7001(C) AND THE
 REGULATIONS THEREUNDER, AS SUCH ACT AND REGULATIONS  MAY  FROM  TIME  TO
 TIME  BE  AMENDED; AND (C) THE COMMUNICATION CONSPICUOUSLY AND CONCISELY
 NOTIFIES THE RECIPIENT REGARDING THE SUBJECT OF SUCH ELECTRONIC MAIL  OR
 FACSIMILE  TRANSMISSION.  FOR THE PURPOSES OF THIS SUBDIVISION, "RECIPI-
 ENT" SHALL MEAN ANY INDIVIDUAL OR ENTITY STATUTORILY ENTITLED TO  NOTICE
 PURSUANT TO THIS ARTICLE.
   § 2. This act shall take effect immediately.
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD02632-07-8

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