| Assembly Actions - Lowercase Senate Actions - UPPERCASE |
|
|---|---|
| Dec 30, 2022 | signed chap.830 |
| Dec 19, 2022 | delivered to governor |
| May 31, 2022 | returned to senate passed assembly |
| May 23, 2022 | ordered to third reading rules cal.287 substituted for a1082a |
| May 18, 2022 | referred to codes delivered to assembly passed senate |
| May 09, 2022 | amended on third reading 7535a |
| May 03, 2022 | advanced to third reading |
| May 02, 2022 | 2nd report cal. |
| Apr 27, 2022 | 1st report cal.927 |
| Jan 05, 2022 | referred to banks |
| Nov 19, 2021 | referred to rules |
senate Bill S7535A
Signed By Governor2021-2022 Legislative Session
Sponsored By
James Sanders Jr.
(D) 10th Senate District
Archive: Last Bill Status - Signed by Governor
- Introduced
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed by Governor
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Actions
Votes
Bill Amendments
S7535 - Details
S7535 - Sponsor Memo
BILL NUMBER: S7535 SPONSOR: SANDERS TITLE OF BILL: An act to amend the banking law, in relation to check cashing policies PURPOSE OR GENERAL IDEA OF BILL: This bill would provide that a banking institution must cash checks, for five hundred dollars or less, drawn on said institution, if the payee presents a valid government-issued photo identification card. SUMMARY OF PROVISIONS: Section 1 of the bill amends the banking law by adding a new section 9-x to provide that no banking institution may refuse to cash checks, in the amount of five hundred dollars or less, drawn on accounts at such insti- tution as long as there are sufficient funds within the account on which the check is drawn. Such banking institution may, as a condition for cashing such check, require the payee to present a valid government-is- sued photo identification card. If a person provides a form of iden-
S7535 - Bill Text download pdf
S T A T E O F N E W Y O R K
________________________________________________________________________
7535
2021-2022 Regular Sessions
I N S E N A T E
November 19, 2021
___________
Introduced by Sen. SANDERS -- read twice and ordered printed, and when
printed to be committed to the Committee on Rules
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
S7535A (ACTIVE) - Details
S7535A (ACTIVE) - Sponsor Memo
BILL NUMBER: S7535A SPONSOR: SANDERS TITLE OF BILL: An act to amend the banking law, in relation to check cashing policies PURPOSE OR GENERAL IDEA OF BILL: This bill would provide that a banking institution must cash certain types of checks, for five hundred dollars or less, drawn on said insti- tution, if the payee presents a valid government-issued photo identifi- cation and matching proof of address. SUMMARY OF PROVISIONS: Section 1 of the bill amends the banking law by adding a new section 9-z to provide that no banking institution may refuse to cash certain types of checks, in the amount of five hundred dollars or less, drawn on accounts at such institution as long as there are sufficient funds with- in the account on which the check is drawn. Such banking institution may, as a condition for cashing such checks, require the payee to pres-
S7535A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K
________________________________________________________________________
7535--A
Cal. No. 927
2021-2022 Regular Sessions
I N S E N A T E
November 19, 2021
___________
Introduced by Sen. SANDERS -- read twice and ordered printed, and when
printed to be committed to the Committee on Rules -- recommitted to
the Committee on Banks in accordance with Senate Rule 6, sec. 8 --
reported favorably from said committee, ordered to first and second
report, ordered to a third reading, amended and ordered reprinted,
retaining its place in the order of third reading
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.
LBD01705-03-2
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