Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
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
2021-2022 Legislative Session
Sponsored By
FAHY
Archive: Last Bill Status - Passed Senate & Assembly
- 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
Nader sayegh
2021-A9659 (ACTIVE) - Details
2021-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
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