Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jun 24, 2010 |
3rd reading cal.1153 substituted for s7946 |
Jun 24, 2010 |
substituted by a2600a |
Jun 23, 2010 |
ordered to third reading cal.1153 committee discharged and committed to rules |
May 26, 2010 |
referred to banks |
Senate Bill S7946
2009-2010 Legislative Session
Sponsored By
(D, WF) Senate District
Archive: Last Bill Status Via A2600 - On Floor Calendar
- 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
co-Sponsors
(D) Senate District
2009-S7946 (ACTIVE) - Details
2009-S7946 (ACTIVE) - Summary
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".
2009-S7946 (ACTIVE) - Sponsor Memo
BILL NUMBER:S7946 TITLE OF BILL: An act to amend the banking law, in relation to the negotiation of social security checks PURPOSE OR GENERAL IDEA OF BILL: Enables senior citizens to cash social security checks without maintaining an account at the bank honoring such check. SUMMARY OF SPECIFIC PROVISIONS: The banking law is amended by adding a new section 6-n requiring banks and foreign banking corporations in this state to cash properly endorsed social security checks upon presentation of sufficient identification, even though the payee is a non-depositor. JUSTIFICATION: Senior citizens have difficulty cashing their social security checks in banks where they do not have an account and in banks where they have insufficient funds to cover the check. Many senior citizens who are unable to maintain sufficient funds in their
2009-S7946 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 7946 I N S E N A T E May 26, 2010 ___________ Introduced by Sen. PERALTA -- 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 the negotiation of social security checks 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 6-n to read as follows: S 6-N. NEGOTIATING SOCIAL SECURITY CHECKS. EVERY BANKING ORGANIZATION OR FOREIGN BANKING CORPORATION TRANSACTING BUSINESS IN THIS STATE SHALL 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. FOR PURPOSES OF THIS SECTION, "SUFFICIENT IDENTIFICATION" SHALL MEAN A PICTURE IDEN- TIFICATION CARD ISSUED TO SUCH PAYEE BY THE DEPARTMENT OF MOTOR VEHI- CLES, A SHERIFF'S DEPARTMENT, OR A BANKING ORGANIZATION WHERE SUCH CHECK IS PRESENTED FOR PAYMENT. S 2. This act shall take effect on the sixtieth day after it shall have become a law. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD03043-04-0
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