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Assembly Bill A1082A

2021-2022 Legislative Session

Provides that a banking institution must cash checks drawn on said institution, if payee presents a form of valid identification

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Archive: Last Bill Status Via S7535 - Passed Assembly

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Bill Amendments

2021-A1082 - Details

See Senate Version of this Bill:
S7535
Law Section:
Banking Law
Laws Affected:
Add §9-z, Bank L
Versions Introduced in 2019-2020 Legislative Session:
A9139

2021-A1082 - Summary

Provides that a banking institution must cash checks drawn on said institution, if payee presents forms of valid identification; makes such institution guilty of a violation for refusal to cash such check after proper identification.

2021-A1082 - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   1082
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                              January 7, 2021
                                ___________
 
 Introduced by M. of A. ABINANTI -- read once and referred to the Commit-
   tee on Banks
 
 AN ACT to amend the banking law, in relation to check cashing policies
 
   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-y  to
 read as follows:
   §  9-Y.  CASHING  OF CERTAIN CHECKS. 1. NO BANKING INSTITUTION AS SUCH
 TERM IS DEFINED IN SECTION NINE-F OF THIS ARTICLE SHALL, REFUSE TO  CASH
 CHECKS, IN THE AMOUNT OF FIVE HUNDRED DOLLARS OR LESS, DRAWN ON ACCOUNTS
 IN  SUCH  INSTITUTION  OR A BRANCH AS LONG AS THERE ARE SUFFICIENT FUNDS
 WITHIN THE ACCOUNT ON WHICH THE CHECK IS DRAWN.   SUCH  INSTITUTION  MAY
 REQUIRE, AS A CONDITION FOR CASHING SUCH CHECK, THAT THE PAYEE PRESENT A
 VALID GOVERNMENT-ISSUED PHOTO IDENTIFICATION CARD.
   2.  IF  A  PERSON  PRESENTS  A  FORM OF IDENTIFICATION, AS PROVIDED IN
 SUBDIVISION ONE OF THIS SECTION, AND A SIGNATURE OR MARK, AND THE INSTI-
 TUTION REFUSES TO CASH THE CHECK IN THE ABSENCE  OF  CRIMINAL  ACTIVITY,
 SUCH INSTITUTION SHALL BE GUILTY OF A VIOLATION 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.
                                                            LBD01705-01-1

co-Sponsors

2021-A1082A (ACTIVE) - Details

See Senate Version of this Bill:
S7535
Law Section:
Banking Law
Laws Affected:
Add §9-z, Bank L
Versions Introduced in 2019-2020 Legislative Session:
A9139

2021-A1082A (ACTIVE) - Summary

Provides that a banking institution must cash checks drawn on said institution, if payee presents forms of valid identification; makes such institution guilty of a violation for refusal to cash such check after proper identification.

2021-A1082A (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  1082--A
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                              January 7, 2021
                                ___________
 
 Introduced by M. of A. ABINANTI -- read once and referred to the Commit-
   tee  on  Banks  -- recommitted to the Committee on Banks in accordance
   with Assembly Rule 3, sec. 2 -- committee  discharged,  bill  amended,
   ordered reprinted as amended and recommitted to said committee
 
 AN ACT to amend the banking law, in relation to check cashing policies

   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-z  to
 read as follows:
   §  9-Z.  CASHING OF CERTAIN CHECKS. 1. NO BANK, TRUST COMPANY, SAVINGS
 BANK, SAVINGS AND LOAN ASSOCIATION OR CREDIT UNION SHALL, REFUSE TO CASH
 A CASHIER'S CHECK, A PAYROLL CHECK, OR A CERTIFIED CHECK IN  THE  AMOUNT
 OF  FIVE  HUNDRED DOLLARS OR LESS, DRAWN ON ACCOUNTS IN SUCH INSTITUTION
 OR A BRANCH AS LONG AS THERE ARE SUFFICIENT FUNDS WITHIN THE ACCOUNT  ON
 WHICH  THE  CHECK IS DRAWN. SUCH INSTITUTION MAY REQUIRE, AS A CONDITION
 FOR CASHING SUCH CHECK, THAT THE PAYEE PRESENT A VALID GOVERNMENT-ISSUED
 PHOTO IDENTIFICATION AND MATCHING PROOF OF ADDRESS SUCH AS A BANK STATE-
 MENT, UTILITY BILL OR PRINTED PAY STUB.
   2. IF A PERSON PRESENTS SUCH FORMS OF IDENTIFICATION, AS  PROVIDED  IN
 SUBDIVISION ONE OF THIS SECTION, AND A SIGNATURE OR MARK, AND THE INSTI-
 TUTION  REFUSES TO CASH THE CHECK IN THE ABSENCE OF SUSPECTED FRAUDULENT
 ACTIVITY, SUCH INSTITUTION SHALL  BE  GUILTY  OF  A  VIOLATION  OF  THIS
 SECTION AND SHALL BE SUBJECT TO PENALTIES PURSUANT TO SECTION FORTY-FOUR
 OF THIS CHAPTER.
   §  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.
                                                            LBD01705-02-2

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