Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 06, 2010 |
referred to banks |
Jan 07, 2009 |
referred to banks |
Senate Bill S167
2009-2010 Legislative Session
Sponsored By
(D) Senate District
Archive: Last Bill Status - In Senate Committee Banks Committee
- 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
2009-S167 (ACTIVE) - Details
- Current Committee:
- Senate Banks
- Law Section:
- Banking Law
- Laws Affected:
- Amd ยงยง105-a, 240-a & 396-a, Bank L
- Versions Introduced in 2011-2012 Legislative Session:
-
S2310
2009-S167 (ACTIVE) - Sponsor Memo
BILL NUMBER: S167 TITLE OF BILL : An act to amend the banking law, in relation to providing self-adhesive envelopes for deposits at electronic facilities JUSTIFICATION : Advances in electronic technology have allowed the banking industry to provide a variety of new customer services over the past decade. One of the most widely used of those services is the Automatic Teller Machine (ATM), through which financial institutions can offer 24-hour availability for customers seeking to make withdrawals and inquiries from, and deposits to, their savings and checking accounts. In the latter instance, the customer places the deposit in an envelope provided at the ATM location by the financial institution and inserts that envelope in the appropriate slot in the machine. At the current time, ATM deposit envelopes are generally those which require moistening for the flap adhesive to stick. The customer normally responds to this requirement by licking the flap on the envelope and sealing it prior to inserting it in the deposit slot. Unfortunately, the past decade and a half have also witnessed a significant number of incidents of consumer product tampering, from over-the-counter drugs to supermarket food products. These incidents have led to a combined effort by government and
2009-S167 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 167 2009-2010 Regular Sessions I N S E N A T E (PREFILED) January 7, 2009 ___________ Introduced by Sen. KRUGER -- 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 providing self-adhesive envelopes for deposits at electronic facilities THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 105-a of the banking law, as amended by chapter 613 of the laws of 1995, is amended to read as follows: S 105-a. Electronic facilities. 1. A bank or trust company may conduct a banking business, at automated teller machines, point-of-sale termi- nals, and similar facilities subject to regulations which may be promul- gated by the banking board. Such facilities shall not be deemed to be branches and shall not be subject to any of the provisions of this chap- ter applicable to branches; provided however that notwithstanding the foregoing, for purposes of clause (ii) OF PARAGRAPH (A) of subdivision one of section one hundred five of this [chapter] ARTICLE, such facili- ties shall be deemed to be branches, and such facilities shall be subject to the terms and conditions of SUCH section one hundred five, and for purposes of section twenty-eight-b of this chapter, such facili- ties shall be deemed to be branches. 2. ALL ELECTRONIC FACILITIES SHALL BE EQUIPPED WITH SELF-ADHESIVE DEPOSIT ENVELOPES. S 2. Section 240-a of the banking law, as amended by chapter 613 of the laws of 1995, is amended to read as follows: S 240-a. Electronic facilities. 1. A savings bank may conduct a bank- ing business, at automated teller machines, point-of-sale terminals, and similar facilities subject to regulations which may be promulgated by the banking board. Such facilities shall not be deemed to be branches and shall not be subject to any of the provisions of this chapter appli- cable to branches; provided however that notwithstanding the foregoing, EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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.