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STATE OF NEW YORK
________________________________________________________________________

4829--B

2011-2012 Regular Sessions

IN ASSEMBLY

February 8, 2011
___________

Introduced  by M. of A. P. RIVERA, STEVENSON, COLTON, N. RIVERA, REILLY,
  WEPRIN, ROBINSON, CASTRO -- Multi-Sponsored by --  M.  of  A.  BARRON,
  BOYLAND,  CASTELLI,  GABRYSZAK,  GIBSON, HEASTIE, McENENY, SALADINO --
  read once and referred  to  the  Committee  on  Consumer  Affairs  and
  Protection  --  recommitted  to  the Committee on Consumer Affairs and
  Protection in accordance with Assembly Rule 3,  sec.  2  --  committee
  discharged, bill amended, ordered reprinted as amended and recommitted
  to  said  committee  -- reported and referred to the Committee on Ways
  and Means -- committee discharged, bill amended, ordered reprinted  as
  amended and recommitted to said committee

AN  ACT  to  amend  the  general  business  law  and the banking law, in
  relation to providing information to the public  on  the  internet  or
  providing a link or links to such information

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Section 520-c of the general business  law  is  amended  by
adding a new subdivision 1-a to read as follows:
  1-A.  THE  DEPARTMENT  OF  FINANCIAL  SERVICES  SHALL ESTABLISH ON ITS
WEBSITE OR PROVIDE A LINK OR LINKS ON ITS WEBSITE FOR PERSONS TO  OBTAIN
THE  SAME  INFORMATION MADE AVAILABLE BY TOLL-FREE TELEPHONE PURSUANT TO
SUBDIVISION ONE OF THIS SECTION.  INFORMATION  ON  HOW  TO  ACCESS  SUCH
WEBSITE SHALL BE PRINTED AND DISTRIBUTED IN THE SAME MANNER AS THE TELE-
PHONE  NUMBER  INFORMATION  DESCRIBED IN SUBDIVISION ONE OF THIS SECTION
AND ON CREDIT CARD PROMOTIONAL MATERIAL DISTRIBUTED BY ISSUERS  OF  SUCH
CARDS.
  S  2.  The banking law is amended by adding a new section 14-g to read
as follows:
  S 14-G.  POWERS OF THE SUPERINTENDENT WITH REGARD TO PROVIDING CURRENT
BANKING INFORMATION. 1. THE SUPERINTENDENT IS AUTHORIZED AND DIRECTED TO
PROVIDE THROUGH A  TOLL-FREE  TELEPHONE  SERVICE  AT  WHICH  INFORMATION
INCLUDING  BUT  NOT LIMITED TO ANNUAL PERCENTAGE RATES, ANNUAL FEES, PER

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD00362-08-2
A. 4829--B                          2

TRANSACTION CHARGES, LATE PAYMENT FEES, OVER LIMIT FEES AND GRACE  PERI-
ODS FOR CREDIT CARDS CAN BE OBTAINED.
  2.  THE  SUPERINTENDENT  IS  AUTHORIZED AND DIRECTED TO PROVIDE ON THE
WEBSITE OF THE DEPARTMENT THE INFORMATION DESCRIBED IN  SUBDIVISION  ONE
OF THIS SECTION OR TO PROVIDE A LINK OR LINKS TO SUCH INFORMATION.
  3.  THE  SUPERINTENDENT MAY PROMULGATE RULES AND REGULATIONS NECESSARY
TO OBTAIN THE INFORMATION REQUIRED PURSUANT TO SUBDIVISION ONE  OF  THIS
SECTION,  IN  A MANNER THAT WILL ENABLE THE SUPERINTENDENT TO UPDATE THE
DEPARTMENT'S WEBSITE INFORMATION.
  S 3. This act shall take effect one year after it shall have become  a
law.