| Date of Action |
Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|---|---|
| Jun 07, 2024 |
committed to rules |
| May 23, 2024 |
advanced to third reading |
| May 22, 2024 |
2nd report cal. |
| May 21, 2024 |
1st report cal.1300 |
| May 15, 2024 |
print number 2877a |
| May 15, 2024 |
amend (t) and recommit to banks |
| Jan 03, 2024 |
referred to banks |
| Jan 25, 2023 |
referred to banks |
Senate Bill S2877A
2023-2024 Legislative Session
Sponsored By
(D) 14th Senate District
Archive: Last Bill Status - In Senate Committee Rules Committee
Actions
Votes
Bill Amendments
2023-S2877 - Details
2023-S2877 - Sponsor Memo
BILL NUMBER: S2877
SPONSOR: COMRIE
TITLE OF BILL:
An act to amend the banking law, in relation to prohibiting financial
institutions from charging a fee for periodic paper statements
PURPOSE OR GENERAL IDEA OF BILL:
To prohibit financial institutions from charging for paper statements,
when those statements are required for an application for public bene-
fits.
SUMMARY OF PROVISIONS:
The banking law is amended by adding Section 9-x to prohibit financial
institutions from charging for periodic paper statements, when those
statements are required for an application for public benefits.
JUSTIFICATION:
2023-S2877 - Bill Text download pdf
S T A T E O F N E W Y O R K
________________________________________________________________________
2877
2023-2024 Regular Sessions
I N S E N A T E
January 25, 2023
___________
Introduced by Sen. COMRIE -- read twice and ordered printed, and when
printed to be committed to the Committee on Banks
AN ACT to amend the banking law, in relation to prohibiting financial
institutions from charging a fee for periodic paper statements
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-aa to
read as follows:
§ 9-AA. FEES FOR PERIODIC PAPER STATEMENTS PROHIBITED. NOTWITHSTAND-
ING ANY OTHER PROVISION OF LAW OR RULE OR REGULATION TO THE CONTRARY, NO
FINANCIAL INSTITUTION SUBJECT TO THE PROVISIONS OF THIS CHAPTER, INCLUD-
ING ANY BANK, TRUST COMPANY, SAVINGS BANK, SAVINGS AND LOAN ASSOCIATION,
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 CHARGE A FEE FOR PERIODIC PAPER
STATEMENTS WHEN SUCH STATEMENTS ARE REQUIRED FOR AN APPLICATION FOR
PUBLIC ASSISTANCE AS DEFINED IN SUBDIVISION NINETEEN OF SECTION TWO OF
THE SOCIAL SERVICES LAW.
§ 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.
LBD04605-01-3
2023-S2877A (ACTIVE) - Details
2023-S2877A (ACTIVE) - Sponsor Memo
BILL NUMBER: S2877A
SPONSOR: COMRIE
TITLE OF BILL:
An act to amend the banking law, in relation to prohibiting certain
financial institutions from charging a fee for periodic paper statements
PURPOSE OR GENERAL IDEA OF BILL:
To prohibit financial institutions from charging for paper statements,
when those statements are required for an application for public bene-
fits.
SUMMARY OF PROVISIONS:
Section 1: Amends the banking law by adding a new section 9-aa: prohib-
its fees for periodic paper statements. No financial institution subject
to the provisions of this chapter, Including any banking organization,
mortgage broker or mortgage banker, Interstate branch established pursu-
ant to article five-c of this chapter, or other investment entity
subject to regulation by the department, which provides an account to a
2023-S2877A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K
________________________________________________________________________
2877--A
2023-2024 Regular Sessions
I N S E N A T E
January 25, 2023
___________
Introduced by Sen. COMRIE -- read twice and ordered printed, and when
printed to be committed to the Committee on Banks -- recommitted to
the Committee on Banks in accordance with Senate Rule 6, sec. 8 --
committee discharged, bill amended, ordered reprinted as amended and
recommitted to said committee
AN ACT to amend the banking law, in relation to prohibiting certain
financial institutions from charging a fee for periodic paper state-
ments
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-aa to
read as follows:
§ 9-AA. FEES FOR PERIODIC PAPER STATEMENTS PROHIBITED. 1. NOTWITH-
STANDING ANY OTHER PROVISION OF LAW OR RULE OR REGULATION TO THE CONTRA-
RY, NO FINANCIAL INSTITUTION SUBJECT TO THE PROVISIONS OF THIS CHAPTER,
INCLUDING ANY BANKING ORGANIZATION, MORTGAGE BROKER OR MORTGAGE BANKER,
INTERSTATE BRANCH ESTABLISHED PURSUANT TO ARTICLE FIVE-C OF THIS CHAP-
TER, OR OTHER INVESTMENT ENTITY SUBJECT TO REGULATION BY THE DEPARTMENT,
WHICH PROVIDES AN ACCOUNT TO A CUSTOMER SHALL CHARGE A FEE FOR PERIODIC
PAPER STATEMENTS WHEN SUCH STATEMENTS ARE REQUIRED FOR AN APPLICATION
FOR PUBLIC ASSISTANCE AS DEFINED IN SUBDIVISION NINETEEN OF SECTION TWO
OF THE SOCIAL SERVICES LAW.
2. IF ANY PROVISION OF THIS SECTION OR ITS APPLICATION TO ANY PERSON
OR CIRCUMSTANCE IS HELD INVALID, THE INVALIDITY DOES NOT AFFECT OTHER
PROVISIONS OR APPLICATION OF THIS SECTION WHICH CAN BE GIVEN EFFECT
WITHOUT THE INVALID PROVISION OR APPLICATION, AND TO THIS END THE
PROVISIONS OF THIS SECTION ARE SEVERABLE.
§ 2. This act shall take effect on the one hundred eightieth day after
it shall have become a law.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD04605-03-4
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