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Assembly Bill A5453

2021-2022 Legislative Session

Authorizes the New York state department of financial services to oversee the planned closing of bank branch offices by federally chartered banking organizations

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Archive: Last Bill Status - In Assembly Committee

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2021-A5453 (ACTIVE) - Details

See Senate Version of this Bill:
S3146
Current Committee:
Assembly Banks
Law Section:
Banking Law
Laws Affected:
Amd §28-c, Bank L
Versions Introduced in Other Legislative Sessions:
2013-2014: S7610
2015-2016: S1140
2017-2018: S1592
2019-2020: S2295
2023-2024: S4140
2025-2026: S4798

2021-A5453 (ACTIVE) - Summary

Authorizes the New York state department of financial services to oversee the planned closing of bank branch offices by federally chartered banking organizations.

2021-A5453 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   5453
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             February 16, 2021
                                ___________
 
 Introduced  by M. of A. DICKENS -- read once and referred to the Commit-
   tee on Banks
 
 AN ACT to amend the banking law,  in  relation  to  federally  chartered
   banking organizations
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section 1. The opening paragraph of subdivision 1 of section  28-c  of
 the  banking  law,  as  amended  by  chapter 180 of the laws of 2012, is
 amended to read as follows:
   This section is intended to provide the superintendent  with  detailed
 information  concerning  the planned closing of branch offices by state-
 chartered AND FEDERALLY CHARTERED banking organizations, the availabili-
 ty of alternative financial services within the general area  served  by
 such  branch  and  the economic impact upon the community resulting from
 such closing, and  to  provide  the  superintendent  with  authority  to
 conduct  meetings  with  banking  organizations  and community groups in
 areas where a branch  closing  is  planned.  The  requirements  of  this
 section shall not apply to the following:
   § 2. This act shall take effect immediately.
 
 
 
 

  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD04659-01-1

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