| Assembly Actions - Lowercase Senate Actions - UPPERCASE |
|
|---|---|
| Jul 21, 2020 | referred to banks delivered to assembly passed senate |
| Jan 22, 2020 | advanced to third reading |
| Jan 21, 2020 | 2nd report cal. |
| Jan 15, 2020 | 1st report cal.175 |
| Jan 08, 2020 | referred to banks returned to senate died in assembly |
| May 21, 2019 | referred to banks delivered to assembly passed senate |
| May 20, 2019 | ordered to third reading cal.717 committee discharged and committed to rules |
| Jan 09, 2019 | referred to banks |
senate Bill S297
2019-2020 Legislative Session
Sponsored By
Michael Gianaris
(D, WF) 12th Senate District
Archive: Last Bill Status - Passed Senate
- Introduced
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
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Co-Sponsors
Joseph P. Addabbo Jr
(D) 15th Senate District
Alessandra Biaggi
(D, WF) 0 Senate District
James Gaughran
(D) 0 Senate District
Timothy M. Kennedy
(D, WF) 63rd Senate District
- view additional co-sponsors
Liz Krueger
(D, WF) 28th Senate District
John C. Liu
(D) 16th Senate District
Velmanette Montgomery
(D) 0 Senate District
Kevin S. Parker
(D, WF) 21st Senate District
José M. Serrano
(D, WF) 29th Senate District
Toby Ann Stavisky
(D) 11th Senate District
Andrea Stewart-Cousins
(D, WF) 35th Senate District
S297 (ACTIVE) - Details
S297 (ACTIVE) - Sponsor Memo
BILL NUMBER: S297 SPONSOR: GIANARIS TITLE OF BILL: An act to amend the banking law, in relation to requiring transmitters of money to provide a certain warning to consumers PURPOSE OR GENERAL IDEA OF BILL: This bill would require a transmitter of money to provide a warning about potential fraud to consumers. SUMMARY OF SPECIFIC PROVISIONS: Section 1 amends the banking law by adding a new Section 652-c, requir- ing a person engaged in the business of receiving money for transmission or transmitting money to clearly and prominently warn the consumers about potential fraud prior to completing the transfer.
S297 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K
________________________________________________________________________
297
2019-2020 Regular Sessions
I N S E N A T E
(PREFILED)
January 9, 2019
___________
Introduced by Sens. GIANARIS, ADDABBO, KENNEDY, KRUEGER, MONTGOMERY,
PARKER, STAVISKY, STEWART-COUSINS -- 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 transmitters
of money to provide a certain warning to consumers
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 652-c to
read as follows:
§ 652-C. REQUIRED WARNING. 1. A PERSON ENGAGED IN THE BUSINESS OF
RECEIVING MONEY FOR TRANSMISSION OR TRANSMITTING MONEY BY WIRE OR ELEC-
TRONIC TRANSFER WHICH, AT THE REQUEST OF AN INDIVIDUAL WHO IN PERSON, BY
TELEPHONE OR ELECTRONIC MEANS TRANSMITS FUNDS TO ANOTHER PERSON, BUSI-
NESS OR ENTITY, SHALL CLEARLY AND PROMINENTLY WARN THE PERSON REQUESTING
THE TRANSMISSION PRIOR TO COMPLETING SUCH TRANSMISSION OF FUNDS. SUCH
WARNING SHALL INCLUDE, BUT NOT BE LIMITED TO, THE FOLLOWING INFORMATION:
(A) A TITLE IN BOLD, CAPITAL LETTERS SAYING "WARNING: DO NOT FALL
VICTIM TO CONSUMER FRAUD.";
(B) QUESTIONS OR INFORMATION THAT ALERT A CONSUMER ABOUT THE DANGERS
OF SENDING FUNDS FOR LOTTERY WINNINGS, CREDIT CARD GUARANTEES OR LOANS,
INTERNET OR PHONE OFFERS, TO PERSONS UNKNOWN TO THE CONSUMER OR PERSONS
WHOSE IDENTITY THE CONSUMER CANNOT VERIFY AND ANY OTHER FRAUD ALERT; AND
(C) INFORMATION ABOUT HOW TO ASK QUESTIONS OF THE SALES CLERK OR
REPRESENTATIVE; AND
(D) INFORMATION ABOUT HOW TO STOP A TRANSFER.
2. FOR THE PURPOSES OF THIS SECTION, "CLEARLY AND PROMINENTLY" MEANS:
(A) IN WRITTEN COMMUNICATIONS, INCLUDING PRINT AND THOSE MADE THROUGH AN
ELECTRONIC MEDIUM (SUCH AS VIDEO AND INTERACTIVE MEDIA INCLUDING, BUT
NOT LIMITED TO, THE INTERNET, ONLINE SERVICES, AND ELECTRONIC MAIL) THE
WARNING SHALL APPEAR ON THE SAME FORM AS THE FORM USED TO AUTHORIZE THE
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
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