assembly Bill A1940

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

Current Bill Status - Passed Senate & Assembly


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

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Actions

view actions (10)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
May 21, 2019 returned to assembly
passed senate
3rd reading cal.414
substituted for s2245
May 13, 2019 referred to banks
delivered to senate
passed assembly
May 09, 2019 advanced to third reading cal.283
May 07, 2019 reported
Jan 18, 2019 referred to banks

Co-Sponsors

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Multi-Sponsors

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

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.

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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