Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 06, 2010 |
referred to consumer protection |
Apr 22, 2009 |
referred to consumer protection |
Senate Bill S4402
2009-2010 Legislative Session
Sponsored By
(D) Senate District
Archive: Last Bill Status - In Senate Committee Consumer Protection 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-S4402 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A7500
- Current Committee:
- Senate Consumer Protection
- Law Section:
- General Business Law
- Laws Affected:
- Add ยง520-d, Gen Bus L
- Versions Introduced in Other Legislative Sessions:
-
2011-2012:
S3040, A2995
2013-2014: A3601
2009-S4402 (ACTIVE) - Sponsor Memo
BILL NUMBER: S4402 TITLE OF BILL : An act to amend the general business law, in relation to prohibiting the unsolicited mailing of convenience checks to consumers PURPOSE OR GENERAL IDEA OF BILL : This bill will prevent banks and other financial institutions from sending out unsolicited checks to consumers. SUMMARY OF SPECIFIC PROVISIONS : The general business law is amended by adding a new section 520-d. This section prohibits the sending of convenience checks to credit card or debit card holders without these consumers' express agreement. JUSTIFICATION : When banks send out unsolicited checks, consumers are unable to know whether or not these unrequested checks have come in the mail. These checks are easy targets for mail theft. Thieves may falsely use these checks, and it may be some time before the consumer becomes aware that these were stolen and fraudulently used. By this time, the consumer's credit and bank account balance may have taken a serious hit. If only the checks that customers request are sent through the mail, this situation would be prevented from happening to any more New Yorkers.
2009-S4402 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 4402 2009-2010 Regular Sessions I N S E N A T E April 22, 2009 ___________ Introduced by Sen. KRUGER -- read twice and ordered printed, and when printed to be committed to the Committee on Consumer Protection AN ACT to amend the general business law, in relation to prohibiting the unsolicited mailing of convenience checks to consumers THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The general business law is amended by adding a new section 520-d to read as follows: S 520-D. UNSOLICITED CONVENIENCE CHECKS. A. NOTWITHSTANDING ANY OTHER PROVISION OF LAW, NO ISSUER OR PERSON, FIRM, PARTNERSHIP, ASSOCIATION, CORPORATION OR AGENT ACTING ON BEHALF OF AN ISSUER, WHETHER OR NOT THE ISSUER IS LOCATED IN THIS STATE, SHALL SEND CONVENIENCE CHECKS TO A CREDIT CARD OR DEBIT CARD HOLDER UNLESS EXPRESS CONSENT OF THE CREDIT CARD OR DEBIT CARD HOLDER HAS BEEN OBTAINED. B. FOR PURPOSES OF THIS SECTION, "CONVENIENCE CHECKS" MEANS ANY NEGO- TIABLE INSTRUMENT, AS DEFINED BY SECTION 3-104 OF THE UNIFORM COMMERCIAL CODE, PROVIDED TO A CREDIT CARD OR DEBIT CARD HOLDER BY A CREDIT CARD ISSUER OR PERSON, FIRM, PARTNERSHIP, ASSOCIATION, CORPORATION OR AGENT ACTING ON BEHALF OF AN ISSUER. S 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD09887-01-9
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.