Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Nov 11, 2020 |
signed chap.268 |
Oct 30, 2020 |
delivered to governor |
Jul 21, 2020 |
returned to senate passed assembly |
Mar 04, 2020 |
ordered to third reading cal.442 substituted for a9140 |
Feb 10, 2020 |
referred to codes delivered to assembly passed senate |
Jan 22, 2020 |
advanced to third reading |
Jan 21, 2020 |
2nd report cal. |
Jan 15, 2020 |
1st report cal.178 |
Jan 08, 2020 |
referred to banks returned to senate died in assembly |
Jun 13, 2019 |
referred to banks delivered to assembly passed senate |
Jun 03, 2019 |
advanced to third reading |
May 30, 2019 |
2nd report cal. |
May 29, 2019 |
1st report cal.899 |
Mar 04, 2019 |
referred to banks |
Senate Bill S4188
Signed By Governor2019-2020 Legislative Session
Sponsored By
(D, WF) 63rd Senate District
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
Actions
Votes
co-Sponsors
(D) Senate District
2019-S4188 (ACTIVE) - Details
2019-S4188 (ACTIVE) - Summary
Requires financial institutions to notify a customer thirty days prior to charging a fee based on account inactivity; requires such notice to include a telephone number and the full contact information of a representative of the financial institution responsible for resolving any matter relating to the fee.
2019-S4188 (ACTIVE) - Sponsor Memo
BILL NUMBER: S4188 SPONSOR: KENNEDY TITLE OF BILL: An act to amend the banking law, in relation to requiring financial institutions to notify a customer prior to charging a fee based on account inactivity PURPOSE OR GENERAL IDEA OF BILL: This bill amends the banking law to require financial institutions to provide notice to customers that includes a telephone number and full contact information to reach a representative of the financial institu- tion regarding any charges tendered to a customer for an y account inac- tivity. SUMMARY OF SPECIFIC PROVISIONS: Section 1 amends section 9-x of the banking law to add a provision requiring financial institutions, whether headquartered within or outside of the State of New York, to provide notice including a tele- phone number and full contact information for a representative of the
2019-S4188 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 4188 2019-2020 Regular Sessions I N S E N A T E March 4, 2019 ___________ Introduced by Sen. KENNEDY -- 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 financial institutions to notify a customer prior to charging a fee based on account inactivity 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 9-x to read as follows: § 9-X. FEES BASED ON INACTIVITY; NOTIFICATION. NOTWITHSTANDING ANY OTHER PROVISION OF LAW OR RULE OR REGULATION TO THE CONTRARY, ANY FINAN- CIAL INSTITUTION SUBJECT TO THE PROVISIONS OF THIS CHAPTER, INCLUDING ANY BANK, TRUST COMPANY, SAVINGS BANK, SAVINGS AND LOAN ASSOCIATION, CREDIT UNION, MORTGAGE BROKER, MORTGAGE BANKER, OR OTHER INVESTMENT ENTITY, WHETHER HEADQUARTERED WITHIN OR OUTSIDE THE STATE, WHICH PROVIDES AN ACCOUNT TO A CUSTOMER SHALL PROVIDE WRITTEN NOTICE OF THE PENDING CHARGES TO A CUSTOMER THIRTY DAYS PRIOR TO CHARGING ANY FEE BASED ON ACCOUNT INACTIVITY. SUCH NOTICE SHALL INCLUDE A TELEPHONE NUMBER AND FULL CONTACT INFORMATION FOR A REPRESENTATIVE OF THE FINAN- CIAL INSTITUTION RESPONSIBLE FOR RESOLVING ANY MATTER RELATING TO THE FEE. A NOTIFICATION BY ELECTRONIC MAIL SHALL SATISFY THE WRITING REQUIREMENT FOR THE PURPOSES OF THIS SECTION. § 2. This act shall take effect on the ninetieth day after it shall have become a law. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD01539-01-9
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