senate Bill S5061A

2017-2018 Legislative Session

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

download bill text pdf

Sponsored By

Current Bill Status - In Senate Rules Committee


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

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Actions

view actions (12)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jun 20, 2018 committed to rules
May 31, 2018 amended on third reading 5061b
May 22, 2018 amended on third reading 5061a
May 15, 2018 advanced to third reading
May 14, 2018 2nd report cal.
May 09, 2018 1st report cal.1136
Jan 03, 2018 referred to banks
Jun 21, 2017 committed to rules
Apr 24, 2017 advanced to third reading
Apr 09, 2017 2nd report cal.
Apr 04, 2017 1st report cal.534
Mar 06, 2017 referred to banks

Votes

view votes

May 9, 2018 - Banks committee Vote

S5061
19
0
committee
19
Aye
0
Nay
0
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show committee vote details

Apr 4, 2017 - Banks committee Vote

S5061
19
0
committee
19
Aye
0
Nay
0
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show committee vote details

S5061 - Details

See Assembly Version of this Bill:
A2476B
Law Section:
Banking Law
Laws Affected:
Amd §554, Bank L
Versions Introduced in 2015-2016 Legislative Session:
S6771, A9893

S5061 - Summary

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

S5061 - Sponsor Memo

S5061 - Bill Text download pdf

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

                                  5061

                       2017-2018 Regular Sessions

                            I N  S E N A T E

                              March 6, 2017
                               ___________

Introduced  by  Sen.  SEWARD -- 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  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.  S  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.
  S 2. This act shall take effect immediately.





 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD02632-02-7

S5061A - Details

See Assembly Version of this Bill:
A2476B
Law Section:
Banking Law
Laws Affected:
Amd §554, Bank L
Versions Introduced in 2015-2016 Legislative Session:
S6771, A9893

S5061A - Summary

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

S5061A - Sponsor Memo

S5061A - Bill Text download pdf

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

                                 5061--A
    Cal. No. 1136

                       2017-2018 Regular Sessions

                            I N  S E N A T E

                              March 6, 2017
                               ___________

Introduced  by  Sen.  SEWARD -- read twice and ordered printed, and when
  printed to be committed to the Committee on Banks  --  recommitted  to
  the  Committee  on  Banks  in accordance with Senate Rule 6, sec. 8 --
  reported favorably from said committee, ordered to  first  and  second
  report,  ordered  to  a  third reading, amended and ordered reprinted,
  retaining its place in the order of third reading

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.  S  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.
  S 2. This act shall take effect immediately.



 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD02632-04-8

S5061B (ACTIVE) - Details

See Assembly Version of this Bill:
A2476B
Law Section:
Banking Law
Laws Affected:
Amd §554, Bank L
Versions Introduced in 2015-2016 Legislative Session:
S6771, A9893

S5061B (ACTIVE) - Summary

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

S5061B (ACTIVE) - Sponsor Memo

S5061B (ACTIVE) - Bill Text download pdf

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

                                 5061--B
    Cal. No. 1136

                       2017-2018 Regular Sessions

                            I N  S E N A T E

                              March 6, 2017
                               ___________

Introduced  by  Sen.  SEWARD -- read twice and ordered printed, and when
  printed to be committed to the Committee on Banks  --  recommitted  to
  the  Committee  on  Banks  in accordance with Senate Rule 6, sec. 8 --
  reported favorably from said committee, ordered to  first  and  second
  report,  ordered  to  a  third reading, amended and ordered reprinted,
  retaining its place in the order of third reading -- again amended and
  ordered reprinted, retaining its place in the order of third reading

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  S  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.
  S 2. This act shall take effect immediately.


 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD02632-06-8

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