senate Bill S2419

2017-2018 Legislative Session

Increases penalties for individuals or companies who engage in the business of cashing checks, drafts or money orders for consideration without a license

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Archive: Last Bill Status - Passed Senate


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

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Actions

view actions (16)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
May 09, 2018 referred to banks
delivered to assembly
passed senate
Mar 19, 2018 advanced to third reading
Mar 15, 2018 2nd report cal.
Mar 14, 2018 1st report cal.648
Jan 03, 2018 referred to banks
returned to senate
died in assembly
Jun 12, 2017 referred to banks
delivered to assembly
passed senate
Jun 06, 2017 advanced to third reading
Jun 05, 2017 2nd report cal.
May 24, 2017 1st report cal.1347
Jan 13, 2017 referred to banks

Votes

view votes

Mar 14, 2018 - Banks committee Vote

S2419
16
1
committee
16
Aye
1
Nay
2
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show Banks committee vote details

May 24, 2017 - Banks committee Vote

S2419
19
0
committee
19
Aye
0
Nay
0
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show Banks committee vote details

S2419 (ACTIVE) - Details

See Assembly Version of this Bill:
A1940
Current Committee:
Assembly Banks
Law Section:
Banking Law
Laws Affected:
Amd §373, Bank L
Versions Introduced in Other Legislative Sessions:
2011-2012: S3361, A6571
2013-2014: S715, A5399
2015-2016: S3618, A3176
2019-2020: S3838

S2419 (ACTIVE) - Summary

Increases penalties for individuals or companies who engage in the business of cashing checks, drafts or money orders for consideration without a license; makes such violation a class E felony; provides for a fine of $2,500 for each transaction.

S2419 (ACTIVE) - Sponsor Memo

S2419 (ACTIVE) - Bill Text download pdf


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

                                  2419

                       2017-2018 Regular Sessions

                            I N  S E N A T E

                            January 13, 2017
                               ___________

Introduced  by  Sen.  GRIFFO -- 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 increasing the penalties
  for individuals or companies who engage in  the  business  of  cashing
  checks, drafts or money orders for consideration without a license

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

  Section 1. Subdivision 5 of section 373 of the banking law,  as  added
by chapter 235 of the laws of 2008, is amended to read as follows:
  5. Notwithstanding the provisions of subdivision four of this section,
any  person,  partnership,  association  or  corporation and the several
members, officers, directors, agents and  employees  thereof  who  shall
violate  the  provisions  of  subdivision  one  of section three hundred
sixty-seven of this article shall be guilty of a class [A misdemeanor] E
FELONY AND SHALL BE PUNISHABLE BY A FINE OF TWO  THOUSAND  FIVE  HUNDRED
DOLLARS FOR EACH TRANSACTION MADE IN VIOLATION OF SUCH SUBDIVISION.
  § 2. This act shall take effect on the one hundred twentieth day after
it shall have become a law.





 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD03622-01-7

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