Assembly Bill A3315

2011-2012 Legislative Session

Increases number of withdrawal transactions from basic banking accounts for account holders over sixty years of age to twelve from eight

download bill text pdf

Sponsored By

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

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2011-A3315 (ACTIVE) - Details

See Senate Version of this Bill:
S3652
Current Committee:
Senate Banks
Law Section:
Banking Law
Laws Affected:
Amd ยง14-f, Bank L
Versions Introduced in Other Legislative Sessions:
2009-2010: A3072, S5599
2013-2014: A3073, S6308
2015-2016: A4534, S6242
2017-2018: A7617, S2452
2019-2020: A1940, S2245

2011-A3315 (ACTIVE) - Summary

Increases the minimum number of authorized withdrawal transactions at no charge from basic banking accounts for account holders sixty-five years of age or older from eight to twelve.

2011-A3315 (ACTIVE) - Bill Text download pdf 

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  3315

                       2011-2012 Regular Sessions

                          I N  A S S E M B L Y

                            January 24, 2011
                               ___________

Introduced by M. of A. CLARK, COLTON, GLICK, ORTIZ -- Multi-Sponsored by
  -- M. of A. BRENNAN, CYMBROWITZ, DINOWITZ, GOTTFRIED, V. LOPEZ, MAGEE,
  MAYERSOHN,  PERRY,  SWEENEY,  WRIGHT  -- read once and referred to the
  Committee on Banks

AN ACT to amend the banking law, in relation to the number of withdrawal
  transactions from a basic banking account

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Paragraph (c) of subdivision 2 of section 14-f of the bank-
ing  law,  as added by chapter 1 of the laws of 1994, is amended to read
as follows:
  (c) eight withdrawal transactions FOR ACCOUNT HOLDERS UNDER SIXTY-FIVE
YEARS OF AGE, AND TWELVE WITHDRAWAL  TRANSACTIONS  FOR  ACCOUNT  HOLDERS
SIXTY-FIVE YEARS OF AGE OR OLDER, including those conducted at electron-
ic  facilities, during any periodic cycle at no additional charge to the
account holder; and
  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.
                                                           LBD06558-01-1

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