Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Oct 03, 2019 |
signed chap.324 |
Oct 01, 2019 |
delivered to governor |
Jun 17, 2019 |
returned to senate passed assembly ordered to third reading rules cal.241 substituted for a1826a |
Jun 14, 2019 |
referred to codes returned to assembly repassed senate |
Jun 11, 2019 |
amended on third reading 2109a |
Jun 11, 2019 |
vote reconsidered - restored to third reading |
Jun 10, 2019 |
returned to senate recalled from assembly |
Mar 07, 2019 |
referred to banks delivered to assembly passed senate |
Mar 04, 2019 |
advanced to third reading |
Feb 28, 2019 |
2nd report cal. |
Feb 27, 2019 |
1st report cal.183 |
Jan 22, 2019 |
referred to banks |
Senate Bill S2109A
Signed By Governor2019-2020 Legislative Session
Sponsored By
(D) 10th 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
2019-S2109 - Details
2019-S2109 - Sponsor Memo
BILL NUMBER: S2109 SPONSOR: SANDERS TITLE OF BILL: An act to amend the banking law, in relation to remit- tances of moneys by agents of licensed transmitters of money PURPOSE: To authorize treble damages in order to deter agents of licensed money transmitters from abusing business relationships and consumer trust by absconding with funds. SUMMARY OF PROVISIONS: Section 1 amends the banking law to impose treble damages for agents of money transmitters who fail to remit moneys within a time period to be established by the superintendent. Section 2 establishes the effective date.
2019-S2109 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 2109 2019-2020 Regular Sessions I N S E N A T E January 22, 2019 ___________ Introduced by Sen. SANDERS -- 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 remittances of moneys by agents of licensed transmitters of money THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The opening paragraph of section 651-a of the banking law is designated subdivision 1 and a new subdivision 2 is added to read as follows: 2. EVERY AGENT OF A LICENSEE SHALL REMIT ALL MONEYS OWED SUCH LICENSEE IN ACCORDANCE WITH THE TERMS OF THE CONTRACT BETWEEN THE LICENSEE AND SUCH AGENT. ANY FAILURE OF AN AGENT TO REMIT ALL MONEYS DUE AND OWING THE LICENSEE WITHIN THE TIME PROVIDED IN SUCH CONTRACT SHALL RESULT IN THE AGENT'S CIVIL LIABILITY TO THE LICENSEE FOR THREE TIMES THE LICENSEE'S DAMAGES. THE SUPERINTENDENT MAY, BY RULE, ESTABLISH THE MAXI- MUM PERIOD OF TIME FOR REMITTANCE. § 2. This act shall take effect on the one hundred eightieth day after it shall have become a law. Effective immediately, the addition, amend- ment and/or repeal of any rule or regulation necessary for the implemen- tation of this act on its effective date are authorized to be made and completed on or before such effective date. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD05855-01-9
2019-S2109A (ACTIVE) - Details
2019-S2109A (ACTIVE) - Sponsor Memo
BILL NUMBER: S2109A SPONSOR: SANDERS TITLE OF BILL: An act to amend the banking law, in relation to remit- tances of moneys by agents of licensed transmitters of money PURPOSE: To authorize treble damages in order to deter agents of licensed money transmitters from abusing business relationships and consumer trust by absconding with funds. SUMMARY OF PROVISIONS: Section 1 amends the banking law to impose treble damages for agents of money transmitters who fail to remit moneys within a time period to be established by the superintendent. Section 2 establishes the effective date.
2019-S2109A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 2109--A Cal. No. 183 2019-2020 Regular Sessions I N S E N A T E January 22, 2019 ___________ Introduced by Sen. SANDERS -- read twice and ordered printed, and when printed to be committed to the Committee on Banks -- reported favora- bly from said committee, ordered to first and second report, ordered to a third reading, passed by Senate and delivered to the Assembly, recalled, vote reconsidered, restored to 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 remittances of moneys by agents of licensed transmitters of money THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The opening paragraph of section 651-a of the banking law is designated subdivision 1 and a new subdivision 2 is added to read as follows: 2. EVERY AGENT OF A LICENSEE SHALL REMIT ALL MONEYS OWED SUCH LICENSEE IN ACCORDANCE WITH THE TERMS OF THE CONTRACT BETWEEN THE LICENSEE AND SUCH AGENT. ANY INTENTIONAL OR NEGLIGENT FAILURE OF AN AGENT TO REMIT ALL MONEYS DUE AND OWING THE LICENSEE WITHIN THE TIME PROVIDED IN SUCH CONTRACT SHALL RESULT IN THE AGENT'S CIVIL LIABILITY TO THE LICENSEE FOR THREE TIMES THE LICENSEE'S DAMAGES. THE SUPERINTENDENT MAY, BY RULE, ESTABLISH THE MAXIMUM PERIOD OF TIME FOR REMITTANCE. § 2. This act shall take effect on the one hundred eightieth day after it shall have become a law. Effective immediately, the addition, amend- ment and/or repeal of any rule or regulation necessary for the implemen- tation of this act on its effective date are authorized to be made and completed on or before such effective date. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD05855-03-9
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.