Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 03, 2018 |
referred to banks |
Jan 13, 2017 |
referred to banks |
Senate Bill S2459
2017-2018 Legislative Session
Sponsored By
(D) Senate District
Archive: Last Bill Status - In Senate Committee Banks 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
Actions
2017-S2459 (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 2015-2016 Legislative Session:
-
S6215
2017-S2459 (ACTIVE) - Sponsor Memo
BILL NUMBER: S2459 TITLE OF BILL : An act to amend the banking law, in relation to voluntary limits on ATM withdrawals PURPOSE : This bill would allow and account holder at a state chartered Bank or Credit union to if they choose set a voluntary limit of $100 per day via their ATM cards SUMMARY OF SPECIFIC PROVISIONS : Section 1: Legislative naming, Section 2: Bill Language Section 3: Effective Date EXISTING LAW : No current law dealing with voluntary limits on ATM withdrawals. JUSTIFICATION : This bill allows a consumer if they choose to set a voluntary limit on their ability to withdraw money from an ATM machine to $100 per day. This bill could protect consumer who want to limit the amount of cash
2017-S2459 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 2459 2017-2018 Regular Sessions I N S E N A T E January 13, 2017 ___________ 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 2017". § 2. Section 75-o of the banking law is renumbered 75-p and a new section 75-o is added to read as follows: § 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 INTO A PROGRAM BY WHICH ATM WITHDRAWALS WOULD BE LIMITED TO ONE HUNDRED DOLLARS PER DAY. § 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. LBD00738-01-7
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