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 unauthorized entities, unregistered mortgage brokers and mortgage fraud; establishes additional penalties against unlicensed or unregistered persons or entities engaging in activities after receiving a cease and desist notice; relates to the crime of mortgage fraud. / Sponsor: SMITH 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

Provides that requirements relating to the preservation of certain banking records may be satisfied by maintenance of original papers or other records, photographic reproductions, or records stored in electronic storage media. / Sponsor: FARLEY Committee: BANKS

Relates to restrictions on employees of the banking department, collecting assessment fees, suspending mortgage bankers and brokers for cause and eliminating outdated language and provisions; relates to interest rate increases on mortgage loans after default. / Sponsor: GRIFFO Committee: BANKS

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

Conforms criminal provisions of the mortgage banking provisions to those relating to mortgage loan originators. / Sponsor: FARLEY 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

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

Increases the penalty for robbery of property from a bank; makes the crime a class C felony. / Sponsor: GRIFFO 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 minus the first overdraft charge in the subject account. / Sponsor: SALAND Committee: BANKS

Treats a branch or agency of a foreign banking corporation licensed under article 5 of the banking law as a banking institution for the purposes of provisions governing the purchase of assets and with regard to the transfer of fiduciary relationships. / Sponsor: GRIFFO Committee: BANKS

Relates to increasing penalties for violations by unlicensed transmitters of money. / Sponsor: FARLEY 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 the mortgage bill of rights pamphlet on residential mortgages shall be in 8 most popularly spoken languages in the state. / Sponsor: SAMPSON Committee: BANKS

Relates to the rate of interest to be paid on judgments and accrued claims; ties the rate of interest to the maturity treasury yield as published by the federal reserve. / Sponsor: GRIFFO Committee: BANKS

Creates the state infrastructure bank. / Sponsor: SMITH Committee: BANKS