Provides for the inclusion of low income credit unions in the banking development district program in cities having a population of one million or more persons. / Sponsor: SQUADRON Committee: BANKS

Requires mortgage lenders and brokers to provide consumers with a mortgage bill of rights pamphlet which must be read and signed by the consumer prior to applying for a mortgage. / Sponsor: PERALTA Committee: BANKS

Provides that no agreement for preauthorized electronic fund transfers entered into on or after January first, two thousand twelve permit or require the transfer of any amount as a penalty or final payment after a stop payment notice has been given. / Sponsor: MAZIARZ Committee: BANKS

Provides for an extension of time to the purchasing period for tenants to purchase a dwelling unit in a cooperative apartment building. / Sponsor: DIAZ Committee: BANKS

Requires banking institutions to accept the Dominican consular identification card, issued by the consulate general of the Dominican Republic, as a valid form of identification for all banking transactions. / Sponsor: DIAZ Committee: BANKS

Regulates the provision of refund anticipation loans by person and entities other than banking institutions; requires that at the time a borrower applies for a refund anticipation loan, a facilitator shall disclose to such borrower certain information relating to fees and interest rates; defines terms. / Sponsor: DIAZ Committee: BANKS

Prohibits banking organizations from issuing checks or drafts to any person or other legal entity when the endorsement or deposit of such check or draft by such person or other legal entity would constitute such person's or other legal entity's acceptance of an unsolicited loan from such banking organization. / Sponsor: SAMPSON Committee: BANKS

Requires notice to renters of safe deposit boxes regarding fees and charges. / Sponsor: SQUADRON Committee: BANKS

Provides for a financial exploitation prevention outreach, education and training program and fund; authorizes the director of the office of the aging to award grants to qualified agencies to establish local elderly exploitation, outreach, education and training programs; outlines elements of such program. / Sponsor: DIAZ Committee: BANKS

Provides for a financial exploitation prevention outreach, education and training program and fund; authorizes the director of the office of the aging to award grants to qualified agencies to establish local elderly exploitation, outreach, education and training programs; outlines elements of such program. / Sponsor: DIAZ Committee: BANKS

Provides that every banking institution which maintains checking accounts for customers shall pay checks in the order received within account balance; provides such banks may dishonor check for insufficient funds, but then must honor smaller checks within amounts on deposit in the subject account. / Sponsor: BRESLIN Committee: BANKS

Requires ATMs to use both audio and visual system of relaying messages to its customers; provides that this provision would enable those individuals that are visually impaired to access ATMs without the assistance of another person; requires the audio system to convey substantially the same information as the visual; provides for rules and regulations to be promulgated by the superintendent of banks. / Sponsor: DUANE Committee: BANKS

Provides that there shall be no solicitation for credit card holders through state or city university of NY unless credit education courses are provided. / Sponsor: PARKER Committee: BANKS

Provides criteria for membership in credit unions and permits the extension of certain services to nonmembers. / Sponsor: PARKER Committee: BANKS

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. / Sponsor: PARKER Committee: BANKS

Requires lending institutions that send unsolicited mail-loan checks to clearly state in solicitation letter the interest rate to be applied to such loan and to demonstrate the total cost of loan in a dollar amounts, at interest rate, over periods of six months, one year, and three years. / Sponsor: PARKER Committee: BANKS

Relates to refund anticipation loans; requires that at the time a borrower applies for a refund anticipation loan, a facilitator shall disclose to such borrower certain information; defines terms. / Sponsor: SAVINO Committee: BANKS

Authorizes the banking board to set the maximum rate of interest for credit cards at not to exceed 18% annually; such rate may only exceed 18% if the prime rate exceeds 18% for sixty consecutive days, but in no event shall such new rate be more than one and one quarter percent above the prime rate in effect at the time such rate is set. / Sponsor: SAMPSON Committee: BANKS

Requires the mortgage bill of rights pamphlet on residential mortgages shall be in 8 most popularly spoken languages in the state. / Sponsor: SAMPSON Committee: BANKS

Provides that banking institutions in New York State may release customer information in the following manner; (a) to the actual customer or authorized agent, or (b) unless a customer affirmatively and in writing prohibits the release, to a subsidiary or affiliate of the banking institution, or, (c) to any other persons or entities if the customer information intended to be released consists only of customer identification, (e.g. name or address of customer) and/or is recorded in public records; defines the term "customer information" to mean account records and any other information constructed from those records relating to the customer's relationship with the institution. / Sponsor: KRUGER Committee: BANKS