Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 04, 2012 |
referred to banks |
Jan 07, 2011 |
referred to banks |
Senate Bill S1493
2011-2012 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
2011-S1493 (ACTIVE) - Details
- Current Committee:
- Senate Banks
- Law Section:
- Banking Law
- Laws Affected:
- Add §8-a, Bank L
- Versions Introduced in Other Legislative Sessions:
-
2009-2010:
S2166
2013-2014: S2911
2011-S1493 (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.
2011-S1493 (ACTIVE) - Sponsor Memo
BILL NUMBER:S1493 TITLE OF BILL: An act to amend the administrative code of the city of New York, the emergency tenant protection act of nineteen seventy-four and the emergency housing rent control law, in relation to extending the length of time over which major capital improvement expenses may be recovered PURPOSE OR GENERAL IDEA OF THE BILL: Expenses for major capital improvements in rental housing are currently recovered over seven years in calculating the permissible monthly rent increase. This bill codifies the MCI as a surcharge to the legal regulated rent which is separately designated and billed as such and mandates that the authorized surcharge for MCI's ceases after the cost of the improvement is recouped. SUMMARY OF SPECIFIC PROVISIONS: Establishes a methodology fox determining MCI rent surcharges based on seven years. MCI's are calculated as a rent surcharge and do not become part of the base legal regulated rent by which rent increases are calculated, and are separately designated and billed as such. The legislation also codifies current practices regarding the annual 64 cap on MCI increases and the methodology for determining MCI
2011-S1493 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 1493 2011-2012 Regular Sessions I N S E N A T E January 7, 2011 ___________ Introduced by Sens. PARKER, DIAZ, DUANE, HASSELL-THOMPSON, KRUEGER, MONTGOMERY, PERKINS, SAMPSON -- 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. LBD01442-01-1
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