Assembly Bill A1940

Signed By Governor
2019-2020 Legislative Session

Increases number of withdrawal transactions from basic banking accounts for account holders sixty-five years of age or older from eight to twelve

download bill text pdf

Sponsored By

Archive: Last Bill Status - Signed by Governor

  • 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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2019-A1940 (ACTIVE) - Details

See Senate Version of this Bill:
S2245
Law Section:
Banking Law
Laws Affected:
Amd §14-f, Bank L
Versions Introduced in Other Legislative Sessions:
2009-2010: A3072, S5599
2011-2012: A3315, S3652
2013-2014: A3073, S6308
2015-2016: A4534, S6242
2017-2018: A7617, S2452

2019-A1940 (ACTIVE) - Summary

Increases the number of authorized withdrawal transactions at no charge from basic banking accounts for account holders sixty-five years of age or older from eight to twelve.

2019-A1940 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   1940
 
                        2019-2020 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 18, 2019
                                ___________
 
 Introduced  by M. of A. ZEBROWSKI, GLICK, ORTIZ, ABINANTI, WRIGHT, RICH-
   ARDSON, WEPRIN, SEAWRIGHT, BICHOTTE -- Multi-Sponsored by -- M. of  A.
   CYMBROWITZ,  DINOWITZ,  GOTTFRIED,  PERRY -- read once and referred to
   the Committee on Banks
 
 AN ACT to amend the banking law, in relation to the number of withdrawal
   transactions from a basic banking account
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Paragraph (c) of subdivision 2 of section 14-f of the bank-
 ing  law, as added by chapter 1 of the laws of 1994 and such subdivision
 as further amended by section 104 of part A of chapter 62 of the laws of
 2011, is amended to read as follows:
   (c) eight withdrawal transactions FOR ACCOUNT HOLDERS UNDER SIXTY-FIVE
 YEARS OF AGE, AND TWELVE WITHDRAWAL  TRANSACTIONS  FOR  ACCOUNT  HOLDERS
 SIXTY-FIVE YEARS OF AGE OR OLDER, including those conducted at electron-
 ic  facilities, during any periodic cycle at no additional charge to the
 account holder; and
   § 2. This act shall take effect on the sixtieth  day  after  it  shall
 have become a law.
 
 
 
 

  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD01464-01-9

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