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Senate Bill S5014

2023-2024 Legislative Session

Relates to requiring all banks and credit unions to have a notary public available during business hours

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Archive: Last Bill Status - In Senate Committee Banks Committee

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Votes

2023-S5014 (ACTIVE) - Details

Current Committee:
Senate Banks
Law Section:
Banking Law
Laws Affected:
Add §6-q, Bank L
Versions Introduced in Other Legislative Sessions:
2017-2018: S7240
2019-2020: S2880
2021-2022: S3419
2025-2026: S3692

2023-S5014 (ACTIVE) - Summary

Requires all banks and credit unions to have a notary public available during business hours; permits banks to charge a fee for such service.

2023-S5014 (ACTIVE) - Sponsor Memo

2023-S5014 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   5014
 
                        2023-2024 Regular Sessions
 
                             I N  S E N A T E
 
                             February 21, 2023
                                ___________
 
 Introduced  by  Sen. SANDERS -- 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 requiring all banks  and
   credit unions to have a notary public available during business hours
 
   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  6-q  to
 read as follows:
   §  6-Q.  NOTARY PUBLICS; REQUIRED. EVERY BANKING INSTITUTION AND EVERY
 CREDIT UNION SHALL HAVE A PERSON QUALIFIED AS A NOTARY  PUBLIC  IN  THIS
 STATE  ON  STAFF  AND AVAILABLE ON THE PREMISES OF EACH FACILITY OF SUCH
 BANK OR CREDIT UNION DURING REGULAR BUSINESS HOURS. SUCH BANKING  ORGAN-
 IZATION  AND CREDIT UNION SHALL HAVE THE OPTION TO CHARGE A NOMINAL FEE,
 NOT TO EXCEED ANY FEE  ESTABLISHED  IN  LAW,  FOR  ANY  NOTARY  SERVICES
 PROVIDED.
   §  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.
                                                            LBD08688-01-3

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