Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 06, 2010 |
referred to banks |
Feb 12, 2009 |
referred to banks |
Senate Bill S2166
2009-2010 Legislative Session
Sponsored By
(D, WF) 21st Senate District
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
Actions
co-Sponsors
(D) Senate District
(D, WF) Senate District
(D, WF) Senate District
(D, WF) 28th Senate District
2009-S2166 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A3459
- Current Committee:
- Senate Banks
- Law Section:
- Banking Law
- Laws Affected:
- Add §8-a, Bank L
- Versions Introduced in Other Legislative Sessions:
-
2011-2012:
S1493
2013-2014: S2911
2009-S2166 (ACTIVE) - Summary
Prohibits employer withdrawal from direct deposit account without notice to and permission from account owner, who must be given 15 days notice of withdrawal and must give depository bank written permission therefor; provides that this section shall not be construed to supersede any such withdrawal otherwise authorized by law or court order.
2009-S2166 (ACTIVE) - Sponsor Memo
BILL NUMBER: S2166 TITLE OF BILL : An act to amend the banking law, in relation to certain withdrawals from accounts to which direct deposits have been authorized PURPOSE : To prohibit employer withdrawal from direct deposit account without notice to and permission from account owner(s). SUMMARY OF PROVISIONS : This bill amends the banking law by adding a new section 8-a to require that no direct deposit agreement shall authorize any withdrawals from the account into which such direct deposits are to be made. Any language within the agreement that says in any way that withdrawals by anyone other than the account owner(s) shall be void, unenforceable and to no effect. Instead, the language will be understood to mean that any request of withdrawal from anyone other than the account owners, must be accompanied by at least fifteen (15) days written notification by the financial institution, to the account owner(s). Such action would only be permissible when required by law, or upon receipt of the account owner(s) written permission.
2009-S2166 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 2166 2009-2010 Regular Sessions I N S E N A T E February 12, 2009 ___________ Introduced by Sens. PARKER, DIAZ, DUANE, HASSELL-THOMPSON, KRUEGER, MONTGOMERY, ONORATO, SAMPSON, SAVINO, SCHNEIDERMAN -- 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 certain withdrawals from accounts to which direct deposits have been authorized 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 8-a to read as follows: S 8-A. DIRECT DEPOSIT AGREEMENTS WITH EMPLOYERS. NO DIRECT DEPOSIT AGREEMENT WITH AN EMPLOYER SHALL AUTHORIZE ANY WITHDRAWALS FROM THE ACCOUNT INTO WHICH SUCH DIRECT DEPOSITS ARE TO BE MADE BY ANYONE OTHER THAN THE ACCOUNT OWNER, UNLESS AT LEAST FIFTEEN DAYS' WRITTEN NOTICE IS GIVEN BY THE DEPOSITORY BANKING ORGANIZATION TO SUCH OWNER. SUCH NOTICE SHALL BE SENT BY REGULAR MAIL TO THE ACCOUNT OWNER'S LAST KNOWN ADDRESS ON RECORD. THIS SECTION SHALL NOT BE CONSTRUED TO SUPERSEDE ANY SUCH WITHDRAWAL OTHERWISE AUTHORIZED BY LAW OR ORDER OF A COURT OF COMPETENT JURISDICTION. S 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD01693-01-9
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.