|
Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
|---|---|
| Jun 20, 2018 |
committed to rules |
| Mar 15, 2018 |
advanced to third reading |
| Mar 14, 2018 |
2nd report cal. |
| Mar 13, 2018 |
1st report cal.640 |
| Jan 03, 2018 |
referred to aging |
| Jun 15, 2017 |
referred to rules |
Senate Bill S6736
2017-2018 Legislative Session
Sponsored By
(D, IP) Senate District
Archive: Last Bill Status - In Senate Committee Rules 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
Votes
co-Sponsors
(D) 32nd Senate District
2017-S6736 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A6099
- Current Committee:
- Senate Rules
- Law Section:
- Social Services Law
- Laws Affected:
- Amd §473, Soc Serv L; amd §4, add §4-d, Bank L
- Versions Introduced in Other Legislative Sessions:
-
2013-2014:
A7892
2015-2016: A5336
2017-S6736 (ACTIVE) - Sponsor Memo
BILL NUMBER: S6736
TITLE OF BILL : An act to amend the social services law and the
banking law, in relation to the role of banking institutions in
protecting vulnerable elderly persons from financial exploitation
PURPOSE :
This bill permits banking institutions to freeze single financial
transactions where there is a belief that an elderly persons has been
the victim of financial elder abuse. This legislation also provides
training to banking officials.
SUMMARY OF PROVISIONS :
Amends section 473 of the social services law by adding a new
subdivision 9.
Defines "banking institution' to include many forms of financial
institutions in New York. Defines "vulnerable elderly adult" by
cross-referencing section 260.31 of the penal law. Defines "financial
exploitation" to include a series of commissions or omissions with the
intent to obtain control through deception, intimidation, or malicious
influence, a vulnerable elderly person's assets. Defines "qualified
individual" to include a person of supervisory authority at a banking
institution.
2017-S6736 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K
________________________________________________________________________
6736
2017-2018 Regular Sessions
I N S E N A T E
June 15, 2017
___________
Introduced by Sen. VALESKY -- read twice and ordered printed, and when
printed to be committed to the Committee on Rules
AN ACT to amend the social services law and the banking law, in relation
to the role of banking institutions in protecting vulnerable elderly
persons from financial exploitation
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) WHEN USED IN THIS SUBDIVISION: (I) "BANKING INSTITUTION" MEANS
ANY BANK, TRUST COMPANY, SAVINGS BANK, SAVINGS AND LOAN ASSOCIATION, OR
CREDIT UNION, WHICH IS CHARTERED, ORGANIZED, OR LICENSED UNDER THE LAWS
OF THIS STATE, AND IN THE COURSE OF BUSINESS TAKES DEPOSIT ACCOUNTS IN
THIS STATE, BUT SHALL NOT INCLUDE A PRIVATE BANKER, A SAFE DEPOSIT
COMPANY, OR AN INVESTMENT COMPANY.
(II) "VULNERABLE ELDERLY PERSON" SHALL HAVE THE SAME MEANING AS
SECTION 260.31 OF THE PENAL LAW.
(III) "FINANCIAL EXPLOITATION" MEANS (A) A SERIES OF IMPROPER TAKINGS,
WITHHOLDINGS, APPROPRIATIONS, OR USES OF A VULNERABLE ADULT'S MONEY,
ASSETS, OR PROPERTY OR (B) A SERIES OF ACTS OR OMISSIONS TO: (1) OBTAIN
CONTROL, THROUGH DECEPTION, INTIMIDATION, OR MALICIOUS INFLUENCE, A
VULNERABLE ADULT'S MONEY, ASSETS, OR PROPERTY OR (2) CONVERT THE VULNER-
ABLE ADULT'S MONEY, ASSETS, OR PROPERTY.
(IV) "QUALIFIED INDIVIDUAL" MEANS AN INDIVIDUAL ASSOCIATED WITH A
BANKING INSTITUTION WHO SERVES IN A SUPERVISORY, COMPLIANCE, OR LEGAL
CAPACITY AS PART OF THE INDIVIDUAL'S JOB.
(B) IF A BANKING INSTITUTION, SOCIAL SERVICES OFFICIAL, OR LAW
ENFORCEMENT AGENCY REASONABLY BELIEVES THAT FINANCIAL EXPLOITATION OF A
VULNERABLE ELDERLY PERSON HAS OCCURRED OR MAY OCCUR AGAIN, THE BANKING
INSTITUTION MAY, BUT SHALL NOT BE REQUIRED TO, REFUSE OR DELAY ANY
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD13191-02-7
Comments
Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.
Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.
Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.