Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Sep 04, 2014 |
signed chap.341 |
Aug 25, 2014 |
delivered to governor |
Jun 16, 2014 |
returned to senate passed assembly ordered to third reading rules cal.221 substituted for a9777a |
Jun 09, 2014 |
referred to banks delivered to assembly passed senate |
Jun 02, 2014 |
amended on third reading 2933b |
May 29, 2014 |
advanced to third reading |
May 28, 2014 |
2nd report cal. |
May 21, 2014 |
1st report cal.909 |
May 07, 2014 |
print number 2933a |
May 07, 2014 |
amend and recommit to banks |
Jan 08, 2014 |
referred to banks returned to senate died in assembly |
Jun 12, 2013 |
referred to banks delivered to assembly passed senate |
Jun 11, 2013 |
advanced to third reading |
Jun 10, 2013 |
2nd report cal. |
Jun 05, 2013 |
1st report cal.1129 |
Jan 25, 2013 |
referred to banks |
Senate Bill S2933B
Signed By Governor2013-2014 Legislative Session
Sponsored By
(R, C, IP) Senate District
Archive: Last Bill Status - Signed by Governor
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
Votes
Bill Amendments
2013-S2933 - Details
2013-S2933 - Sponsor Memo
BILL NUMBER:S2933 TITLE OF BILL: An act to amend the banking law, in relation to elec- tronic preservation of banking records PURPOSE: This bill would update some sections of the Banking Law in order to reflect and keep pace with changes in technology and practices. SUMMARY OF PROVISIONS: Section 1 of this bill adds a new section 36-b to the Banking Law to clarify the ability of regulated entities to preserve their books and records through the use of electronic storage media. Section 2 of this bill amends section 75-g of the Banking Law to clarify that the Superintendent may require banking institutions to file their annual ATM reports electronically. Section 3 of this bill amends section 576 of the Banking Law to clarify the ability of insurance premium finance agencies to provide notice by electronic means. JUSTIFICATION: This bill contains some amendments recommended by the Department of Financial Services to update the Banking Law in order to reflect changes in technology. These amendments will clarify the ability to use more modem and efficient methods of recordkeeping and communi-
2013-S2933 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 2933 2013-2014 Regular Sessions I N S E N A T E January 25, 2013 ___________ Introduced by Sen. FARLEY -- 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 electronic preservation of banking records 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 36-b to read as follows: S 36-B. PRESERVATION OF BOOKS AND RECORDS. WHEN ANY PROVISION OF THIS CHAPTER OR ANY RULE OR REGULATION ADOPTED PURSUANT THERETO REQUIRES THAT BOOKS AND RECORDS BE PRESERVED, SUCH REQUIREMENT MAY BE SATISFIED BY MAINTENANCE OF ORIGINAL PAPERS OR OTHER RECORDS, PHOTOGRAPHIC REPROD- UCTIONS, OR RECORDS STORED IN ELECTRONIC STORAGE MEDIA. AS USED IN THIS CHAPTER, "ELECTRONIC STORAGE MEDIA" MEANS ANY DIGITAL STORAGE MEDIUM OR SYSTEM THAT MEETS THE FOLLOWING CONDITIONS: 1. IT MUST PRESERVE THE RECORDS EXCLUSIVELY IN NON-REWRITABLE, NON-ER- ASABLE FORMAT; 2. IT MUST VERIFY AUTOMATICALLY THE QUALITY AND ACCURACY OF THE STOR- AGE MEDIA RECORDING PROCESS; 3. IT MUST HAVE THE CAPACITY TO READILY DOWNLOAD INDEXES AND RECORDS PRESERVED ON THE ELECTRONIC STORAGE MEDIA TO ANY MEDIUM ACCEPTABLE TO THE SUPERINTENDENT; AND 4. IT MUST BE IMMEDIATELY READABLE ON EQUIPMENT AT ALL TIMES AVAILABLE TO THE SUPERINTENDENT FOR EXAMINATION OF SUCH RECORDS. S 2. Subdivision 1 of section 75-g of the banking law, as added by chapter 9 of the laws of 1996 and as designated by section 4-a of part A of chapter 57 of the laws of 1998, is amended to read as follows: [1.] Within one year after the effective date of this article, and each year thereafter, every banking institution which has an automated teller machine facility which is in operation on such date and such date every year thereafter shall submit a written report to the department on EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD08147-01-3
2013-S2933A - Details
2013-S2933A - Sponsor Memo
BILL NUMBER:S2933A TITLE OF BILL: An act to amend the banking law, in relation to electronic preservation of banking records PURPOSE: This bill would establish a consistent recordkeeping standard and clarify that regulated entities may preserve records through the use of electronic storage media. SUMMARY OF PROVISIONS: A new section 36-b would be added to the Banking Law to clarify the ability of regulated entities to preserve their books and records through the use of electronic storage media. JUSTIFICATION: This bill would help update the Banking Law in order to reflect changes in technology. These amendments will clarify the ability of regulated financial institutions to use more modem and efficient methods of recordkeeping and communication. The activities and operations of various types of banking institutions and nonbank financial service companies are governed by different
2013-S2933A - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 2933--A 2013-2014 Regular Sessions I N S E N A T E January 25, 2013 ___________ Introduced by Sen. FARLEY -- 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 electronic preservation of banking records 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 36-b to read as follows: S 36-B. PRESERVATION OF BOOKS AND RECORDS. WHEN ANY PROVISION OF THIS CHAPTER OR ANY RULE OR REGULATION ADOPTED PURSUANT THERETO REQUIRES THAT BOOKS AND RECORDS BE PRESERVED, SUCH REQUIREMENT MAY BE SATISFIED BY MAINTENANCE OF ORIGINAL PAPERS OR OTHER RECORDS, PHOTOGRAPHIC REPROD- UCTIONS, OR RECORDS STORED IN ELECTRONIC STORAGE MEDIA. AS USED IN THIS CHAPTER, "ELECTRONIC STORAGE MEDIA" MEANS ANY DIGITAL STORAGE MEDIUM OR SYSTEM THAT MEETS THE FOLLOWING CONDITIONS: 1. IT MUST PRESERVE THE RECORDS EXCLUSIVELY IN NON-REWRITABLE, NON-ER- ASABLE FORMAT; 2. IT MUST VERIFY AUTOMATICALLY THE QUALITY AND ACCURACY OF THE STOR- AGE MEDIA RECORDING PROCESS; 3. IT MUST HAVE THE CAPACITY TO READILY DOWNLOAD INDEXES AND RECORDS PRESERVED ON THE ELECTRONIC STORAGE MEDIA TO ANY MEDIUM ACCEPTABLE TO THE SUPERINTENDENT; AND 4. IT MUST BE IMMEDIATELY READABLE ON EQUIPMENT AT ALL TIMES AVAILABLE TO THE SUPERINTENDENT FOR EXAMINATION OF SUCH RECORDS. S 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. LBD08147-02-4
2013-S2933B (ACTIVE) - Details
2013-S2933B (ACTIVE) - Sponsor Memo
BILL NUMBER:S2933B TITLE OF BILL: An act to amend the banking law, in relation to electronic preservation of banking records PURPOSE: This bill would establish a consistent recordkeeping standard and clarify that regulated entities may preserve records through the use of electronic storage media. SUMMARY OF PROVISIONS: A new section 36-b would be added to the Banking Law to clarify the ability of regulated entities to preserve their books and records through the use of electronic storage media. JUSTIFICATION: This bill would help update the Banking Law in order to reflect changes in technology. These amendments will clarify the ability of regulated financial institutions to use more modern and efficient methods of recordkeeping and communication. The activities and operations of various types of banking institutions and nonbank financial service companies are governed by different
2013-S2933B (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 2933--B Cal. No. 909 2013-2014 Regular Sessions I N S E N A T E January 25, 2013 ___________ Introduced by Sen. FARLEY -- 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 -- reported favorably from said commit- tee, 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 electronic preservation of banking records 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 36-b to read as follows: S 36-B. PRESERVATION OF BOOKS AND RECORDS. WHEN ANY PROVISION OF THIS CHAPTER OR ANY RULE OR REGULATION ADOPTED PURSUANT THERETO REQUIRES THAT BOOKS AND RECORDS BE PRESERVED, SUCH REQUIREMENT MAY BE SATISFIED BY MAINTENANCE OF ORIGINAL PAPERS OR OTHER RECORDS, PHOTOGRAPHIC REPROD- UCTIONS, OR RECORDS STORED IN ELECTRONIC STORAGE MEDIA. AS USED IN THIS CHAPTER, "ELECTRONIC STORAGE MEDIA" MEANS ANY DIGITAL STORAGE MEDIUM OR SYSTEM THAT MEETS THE FOLLOWING CONDITIONS: 1. IT MUST PRESERVE THE RECORDS EXCLUSIVELY IN NON-REWRITABLE, NON-ER- ASABLE FORMAT; 2. IT MUST VERIFY AUTOMATICALLY THE QUALITY AND ACCURACY OF THE STOR- AGE MEDIA RECORDING PROCESS; 3. IT MUST HAVE THE CAPACITY TO READILY DOWNLOAD INDEXES, METADATA AND RECORDS PRESERVED ON THE ELECTRONIC STORAGE MEDIA TO ANY MEDIUM ACCEPTA- BLE TO THE SUPERINTENDENT; AND 4. IT MUST BE IMMEDIATELY READABLE ON EQUIPMENT AT ALL TIMES AVAILABLE TO THE SUPERINTENDENT FOR EXAMINATION OF SUCH RECORDS. S 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
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