Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 06, 2010 |
referred to banks |
Assembly Bill A9353
2009-2010 Legislative Session
Sponsored By
GABRYSZAK
Archive: Last Bill Status - In Assembly 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
Actions
co-Sponsors
Felix Ortiz
Joan Christensen
Richard Gottfried
Crystal Peoples-Stokes
multi-Sponsors
Earlene Hooper
David McDonough
Frank Skartados
2009-A9353 (ACTIVE) - Details
2009-A9353 (ACTIVE) - Sponsor Memo
BILL NUMBER:A9353 TITLE OF BILL: An act to amend the banking law, in relation to prohib- iting financial institutions from charging a fee in excess of five dollars to a customer based on account inactivity PURPOSE OR GENERAL IDEA OF BILL: This bill amends the banking law to prohibit financial institutions from charging customers account inactivity fees in excess of five dollars per year. SUMMARY OF SPECIFIC PROVISIONS: section one amends section 9-v of the banking law to add a provision prohibiting financial institutions, whether headquartered within or outside of the State of New York from charging a fee in excess of five dollars per year to a customer based on account inactivity. EFFECTS OF PRESENT LAW WHICH THE BILL WILL ALTER: This bill amends section 9-v of the banking law to add a provision prohibiting financial institutions, whether headquartered within or outside of the State of New York from charging a fee in excess of five dollars per year to a customer based on account inactivity.
2009-A9353 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 9353 I N A S S E M B L Y (PREFILED) January 6, 2010 ___________ Introduced by M. of A. GABRYSZAK, ORTIZ, CHRISTENSEN, GOTTFRIED, PEOPLES-STOKES, FIELDS, PHEFFER, COLTON -- Multi-Sponsored by -- M. of A. HOOPER -- read once and referred to the Committee on Banks AN ACT to amend the banking law, in relation to prohibiting financial institutions from charging a fee in excess of five dollars to a customer based on account inactivity 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 9-v to read as follows: S 9-V. FEES BASED ON INACTIVITY PROHIBITED. NOTWITHSTANDING ANY OTHER PROVISION OF LAW OR RULE OR REGULATION TO THE CONTRARY, NO FINANCIAL INSTITUTION SUBJECT TO THE PROVISIONS OF THIS CHAPTER, INCLUDING ANY BANK, TRUST COMPANY, SAVINGS BANK, SAVINGS AND LOAN ASSOCIATION, CREDIT UNION, MORTGAGE BROKER, MORTGAGE BANKER, OR OTHER INVESTMENT ENTITY, WHETHER HEADQUARTERED WITHIN OR OUTSIDE THE STATE, WHICH PROVIDES AN ACCOUNT TO A CUSTOMER SHALL CHARGE A FEE IN EXCESS OF FIVE DOLLARS PER YEAR TO SUCH CUSTOMER BASED ON ACCOUNT INACTIVITY. 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. LBD03296-01-9
Comments
Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.
Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.
Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.