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Senate Bill S7240

2017-2018 Legislative Session

Relates to requiring all banks and credit unions to have a notary public available during business hours

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Archive: Last Bill Status - In Senate Committee Banks Committee

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2017-S7240 (ACTIVE) - Details

See Assembly Version of this Bill:
A410
Current Committee:
Senate Banks
Law Section:
Banking Law
Laws Affected:
Add §6-n, Bank L
Versions Introduced in Other Legislative Sessions:
2015-2016: A10700
2019-2020: S2880, A4453
2021-2022: S3419
2023-2024: S5014
2025-2026: S3692

2017-S7240 (ACTIVE) - Summary

Requires all banks and credit unions to have a notary public available during business hours; permits banks to charge a fee for such service.

2017-S7240 (ACTIVE) - Sponsor Memo

2017-S7240 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   7240
 
                             I N  S E N A T E
 
                              January 5, 2018
                                ___________
 
 Introduced  by  Sen. SANDERS -- 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 requiring all banks  and
   credit unions to have a notary public available during business hours
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section 1. The banking law is amended by adding a new section  6-n  to
 read as follows:
   §  6-N.  NOTARY PUBLICS; REQUIRED. EVERY BANKING INSTITUTION AND EVERY
 CREDIT UNION SHALL HAVE A PERSON QUALIFIED AS A NOTARY  PUBLIC  IN  THIS
 STATE  ON  STAFF  AND AVAILABLE ON THE PREMISES OF EACH FACILITY OF SUCH
 BANK OR CREDIT UNION DURING REGULAR BUSINESS HOURS. SUCH BANKING  ORGAN-
 IZATION  AND CREDIT UNION SHALL HAVE THE OPTION TO CHARGE A NOMINAL FEE,
 NOT TO EXCEED ANY FEE  ESTABLISHED  IN  LAW,  FOR  ANY  NOTARY  SERVICES
 PROVIDED.
   §  2.  This  act shall take effect on the ninetieth day after it shall
 have become a law.
 
 
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD03115-01-7

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