Assembly Actions - Lowercase Senate Actions - UPPERCASE |
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Dec 16, 2022 | tabled |
Dec 15, 2022 | vetoed memo.104 |
Dec 06, 2022 | delivered to governor |
May 31, 2022 | returned to assembly passed senate 3rd reading cal.1540 substituted for s7202a |
May 16, 2022 | referred to banks delivered to senate passed assembly |
Apr 28, 2022 | advanced to third reading cal.575 |
Apr 26, 2022 | reported |
Mar 28, 2022 | referred to banks |
assembly Bill A9659
Vetoed By GovernorSponsored By
FAHY
Archive: Last Bill Status - Vetoed by Governor
- Introduced
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Vetoed by Governor
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Co-Sponsors
Nader sayegh
A9659 (ACTIVE) - Details
A9659 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 9659 I N A S S E M B L Y March 28, 2022 ___________ Introduced by M. of A. FAHY -- read once and referred to the Committee on Banks AN ACT to amend the banking law, in relation to requiring a written notification of overdraft fees charged to certain account holders 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. FEES BASED ON OVERDRAFT OF ACCOUNT; NOTIFICATION. 1. NOTWITH- STANDING ANY OTHER PROVISION OF LAW OR RULE OR REGULATION TO THE CONTRA- RY, ANY FINANCIAL INSTITUTION SUBJECT TO THE PROVISIONS OF THIS CHAPTER, INCLUDING ANY BANK, TRUST COMPANY, SAVINGS BANK, SAVINGS AND LOAN ASSO- CIATION, 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 FEES CHARGED DUE TO OVERDRAFT OF AN ACCOUNT EVERY ONE HUNDRED EIGHTY DAYS. SUCH NOTICE SHALL INCLUDE: (A) DATES AND AMOUNTS OF OVERDRAFT FEES; (B) THE TOTAL AMOUNT CHARGED; (C) INFORMATION ON THE CUSTOMER'S ABILITY TO NEGOTIATE FEES; AND (D) A TELEPHONE NUMBER AND FULL CONTACT INFORMATION FOR A REPRESEN- TATIVE OF THE FINANCIAL INSTITUTION RESPONSIBLE FOR RESOLVING ANY MATTER RELATING TO SUCH FEE. 2. A NOTIFICATION BY ELECTRONIC MEANS SHALL SATISFY THE WRITING REQUIREMENT FOR THE PURPOSES OF THIS SECTION IF SUCH OPTION IS SELECTED BY THE ACCOUNT HOLDER. § 2. This act shall take effect January 1, 2023. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD11577-06-2