Senate Bill S5061B

2017-2018 Legislative Session

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

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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

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Bill Amendments

2017-S5061 - Details

See Assembly Version of this Bill:
A2476
Current Committee:
Senate Rules
Law Section:
Banking Law
Laws Affected:
Amd §554, Bank L
Versions Introduced in 2015-2016 Legislative Session:
S6771, A9893

2017-S5061 - Summary

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

2017-S5061 - Sponsor Memo

2017-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.  §  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.
   § 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



              

2017-S5061A - Details

See Assembly Version of this Bill:
A2476
Current Committee:
Senate Rules
Law Section:
Banking Law
Laws Affected:
Amd §554, Bank L
Versions Introduced in 2015-2016 Legislative Session:
S6771, A9893

2017-S5061A - Summary

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

2017-S5061A - Sponsor Memo

2017-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.  §  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.
   § 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



              

2017-S5061B (ACTIVE) - Details

See Assembly Version of this Bill:
A2476
Current Committee:
Senate Rules
Law Section:
Banking Law
Laws Affected:
Amd §554, Bank L
Versions Introduced in 2015-2016 Legislative Session:
S6771, A9893

2017-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.

2017-S5061B (ACTIVE) - Sponsor Memo

2017-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  §  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.
   § 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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