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Assembly Bill A1515

2025-2026 Legislative Session

Directs the superintendent of banks to promulgate rules and regulations requiring licensed cashers of checks to file suspicious activity reports

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Current Bill Status - In Senate Committee Banks Committee

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2025-A1515 (ACTIVE) - Details

See Senate Version of this Bill:
S3698
Current Committee:
Senate Banks
Law Section:
Banking Law
Laws Affected:
Amd §371, Bank L
Versions Introduced in Other Legislative Sessions:
2011-2012: A6763
2013-2014: A913
2015-2016: A3178
2017-2018: A5471
2019-2020: A3915
2021-2022: A8919
2023-2024: A1476, S6805

2025-A1515 (ACTIVE) - Summary

Directs the superintendent of banks to promulgate rules and regulations requiring licensed cashers of checks to file suspicious activity reports.

2025-A1515 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   1515
 
                        2025-2026 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 10, 2025
                                ___________
 
 Introduced  by  M.  of A. WEPRIN, SIMON, RAGA, SEAWRIGHT, DE LOS SANTOS,
   TAYLOR -- Multi-Sponsored by -- M. of A. BRONSON,  McDONOUGH  --  read
   once and referred to the Committee on Banks
 
 AN ACT to amend the banking law, in relation to requiring licensed cash-
   ers of checks to file suspicious activity reports

   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Section 371 of the banking law, as added by chapter 151  of
 the laws of 1945, is amended to read as follows:
   § 371.  Regulations.  The  superintendent  is  hereby  authorized  and
 empowered to make such rules and regulations, and such specific rulings,
 demands, and findings as [he] SUCH SUPERINTENDENT may deem necessary for
 the proper conduct of the business authorized and licensed under and for
 the enforcement of this article, in addition hereto and not inconsistent
 herewith.  SUCH RULES, REGULATIONS, RULINGS, DEMANDS AND FINDINGS  SHALL
 INCLUDE,  BUT NOT BE LIMITED TO, REQUIRING LICENSED CASHERS OF CHECKS TO
 FILE SUSPICIOUS ACTIVITY REPORTS.
   § 2. This act shall take effect immediately.
 
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD03571-01-5

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