Enacts the "Home Equity Fraud Act" to control improper activities by home improvement contractors and finance companies; prohibits mortgage brokers or agents from acting as home improvement contractors; provides additional protections for mortgagors and home owners. /
Sponsor: DIAZ Committee: BANKS

Directs every banking organization or foreign banking corporation transacting business in this state to cash properly endorsed social security checks presented by the payee, upon sufficient identification, notwithstanding the fact that such payee does not maintain an account with such organization or corporation, upon proof that such payee is sixty-two years of age or older; defines "sufficient identification". /
Sponsor: PERALTA 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

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

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

Prohibits banking organizations from issuing mail-loan checks without request or application therefor; provides that failure to destroy or return a mail-loan check does not constitute an acceptance thereof; provides that mail-loan checks shall have the transaction fee and interest rate included on the check. /
Sponsor: SAMPSON Committee: BANKS

Increases penalties for individuals or companies who engage in the business of cashing checks, drafts or money orders for consideration without a license; makes such violation a class E felony; provides for a fine of $2,500 for each transaction. /
Sponsor: GRISANTI 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

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

Relates to alternative finance investment bonds. /
Sponsor: PARKER 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

Relates to reporting of financial exploitation; establishes a financial exploitation, outreach, education and training program and fund. /
Sponsor: VALESKY Committee: BANKS

Requires banks to provide written receipts for deposits over $1000 to personal accounts via electronic or wire transfers. /
Sponsor: MAZIARZ Committee: BANKS

Relates to the maximum amount of funds which the state comptroller and the commissioner of taxation and finance may deposit and the maximum amount of funds on deposit at a community banking institution. /
Sponsor: GRIFFO Committee: BANKS

Relates to banking development districts; requires renewal of certain branches within banking development districts. /
Sponsor: GRIFFO Committee: BANKS

Authorizes trust companies to make affiliated investments and to receive fiduciary compensation for making such investments. /
Sponsor: GRIFFO Committee: BANKS

Fixes the date of cancellation of financed insurance and provides for a mechanism for cancellation by electronic means; provides that the date of cancellation shall be in the cancellation notice. /
Sponsor: SMITH Committee: BANKS

Relates to refinancing of an existing mortgage loan; provides for a separate disclosure which compares monthly payments under the previous mortgage with the combined monthly payments for the new mortgage loan, property tax and insurance. /
Sponsor: SMITH Committee: BANKS