Senate Bill S3571A

2013-2014 Legislative Session

Relates to the operation of automated teller machines by entities other than banking institutions

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Archive: Last Bill Status - In Senate Committee Banks Committee


  • 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

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Bill Amendments

2013-S3571 - Details

Current Committee:
Senate Banks
Law Section:
Banking Law
Laws Affected:
Add Art 14-A §§800 - 810, amd §§22, 39 & 44, Bank L
Versions Introduced in Other Legislative Sessions:
2009-2010: S4979
2011-2012: S3780

2013-S3571 - Summary

Regulates the operation of automated teller machines by entities other than banking institutions; requires the registration of such machines, the examination of books, accounts and records, investigations, and also provides violations and penalties relating to the operation of such machines.

2013-S3571 - Sponsor Memo

2013-S3571 - Bill Text download pdf

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  3571

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                            February 6, 2013
                               ___________

Introduced  by  Sen.  SMITH  -- 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 the operation  of  auto-
  mated teller machines by entities other than banking institutions

  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 article 14-A  to
read as follows:
                              ARTICLE XIV-A
       REGISTERED AUTOMATED TELLER MACHINE OPERATORS AND NETWORKS
SECTION 800. DEFINITIONS.
        801. REGISTRATION REQUIRED.
        802. REGISTRATION OF NETWORKS.
        803. APPLICATION  TO REGISTER AS AN OPERATOR OF AUTOMATED TELLER
               MACHINES.
        804. CHANGES OF CONTROL.
        805. EXAMINATION  OF  BOOKS,  ACCOUNTS,  AND  RECORDS;  INVESTI-
               GATIONS.
        806. VIOLATIONS AND PENALTIES.
        807. SUSPENSION OR REVOCATION OF REGISTRATION.
        808. REQUIRED DISCLOSURES TO CUSTOMERS.
        809. RULES AND REGULATIONS.
        810. SEVERABILITY.
  S 800. DEFINITIONS. AS USED IN THIS ARTICLE, UNLESS THE CONTEXT OTHER-
WISE INDICATES, THE FOLLOWING TERMS HAVE THE FOLLOWING MEANINGS:
  1.  "BANKING  INSTITUTION" SHALL MEAN ANY BANK, TRUST COMPANY, SAVINGS
BANK, SAVINGS ASSOCIATION, SAVINGS AND LOAN ASSOCIATION, CREDIT UNION OR
FOREIGN BANKING CORPORATION  LICENSED,  CHARTERED,  OR  INCORPORATED  OR
OTHERWISE FORMED PURSUANT TO FEDERAL OR ANY STATE LAW.
  2. "AUTOMATED TELLER MACHINE" SHALL MEAN AN ELECTRONIC DEVICE OPERATED
BY A PERSON WHICH, IN CONJUNCTION WITH A PROCESSOR AND NETWORK, ALLOWS A

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD07549-01-3
              

2013-S3571A (ACTIVE) - Details

Current Committee:
Senate Banks
Law Section:
Banking Law
Laws Affected:
Add Art 14-A §§800 - 810, amd §§22, 39 & 44, Bank L
Versions Introduced in Other Legislative Sessions:
2009-2010: S4979
2011-2012: S3780

2013-S3571A (ACTIVE) - Summary

Regulates the operation of automated teller machines by entities other than banking institutions; requires the registration of such machines, the examination of books, accounts and records, investigations, and also provides violations and penalties relating to the operation of such machines.

2013-S3571A (ACTIVE) - Sponsor Memo

2013-S3571A (ACTIVE) - Bill Text download pdf

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                 3571--A

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                            February 6, 2013
                               ___________

Introduced  by  Sen.  SMITH  -- 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 the operation of auto-
  mated teller machines by entities other than banking institutions

  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 article 14-A to
read as follows:
                              ARTICLE XIV-A
       REGISTERED AUTOMATED TELLER MACHINE OPERATORS AND NETWORKS
SECTION 800. DEFINITIONS.
        801. REGISTRATION REQUIRED.
        802. REGISTRATION OF NETWORKS.
        803. APPLICATION TO REGISTER AS AN OPERATOR OF AUTOMATED  TELLER
               MACHINES.
        804. CHANGES OF CONTROL.
        805. EXAMINATION  OF  BOOKS,  ACCOUNTS,  AND  RECORDS;  INVESTI-
               GATIONS.
        806. VIOLATIONS AND PENALTIES.
        807. SUSPENSION OR REVOCATION OF REGISTRATION.
        808. REQUIRED DISCLOSURES TO CUSTOMERS.
        809. RULES AND REGULATIONS.
        810. SEVERABILITY.
  S 800. DEFINITIONS. AS USED IN THIS ARTICLE, UNLESS THE CONTEXT OTHER-
WISE INDICATES, THE FOLLOWING TERMS HAVE THE FOLLOWING MEANINGS:
  1. "BANKING INSTITUTION" SHALL MEAN ANY BANK, TRUST  COMPANY,  SAVINGS
BANK, SAVINGS ASSOCIATION, SAVINGS AND LOAN ASSOCIATION, CREDIT UNION OR

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD07549-02-4

              

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