Senate Bill S3361

2011-2012 Legislative Session

Increases penalties for individuals or companies who engage in the business of cashing checks, drafts or money orders for consideration without a license

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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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Bill Amendments

2011-S3361 - Details

See Assembly Version of this Bill:
A6571
Current Committee:
Senate Banks
Law Section:
Banking Law
Laws Affected:
Amd §373, Bank L
Versions Introduced in Other Legislative Sessions:
2013-2014: S715, A5399
2015-2016: S3618, A3176
2017-2018: S2419, A1940
2019-2020: S3838
2021-2022: S4583
2023-2024: S4619

2011-S3361 - Summary

Increases penalties for individuals or companies who engage in the business of cashing checks, drafts or money orders for consideration without a license; makes such violation a class E felony; provides for a fine of $2,500 for each transaction.

2011-S3361 - Sponsor Memo

2011-S3361 - Bill Text download pdf 

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

                                  3361

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                            February 17, 2011
                               ___________

Introduced  by Sen. GRISANTI -- 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 increasing the penalties
  for individuals or companies who engage in  the  business  of  cashing
  checks, drafts or money orders for consideration without a license

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

  Section 1. Subdivision 5 of section 373 of the banking law,  as  added
by chapter 235 of the laws of 2008, is amended to read as follows:
  5. Notwithstanding the provisions of subdivision four of this section,
any  person,  partnership,  association  or  corporation and the several
members, officers, directors, agents and  employees  thereof  who  shall
violate  the  provisions  of  subdivision  one  of section three hundred
sixty-seven of this article shall be guilty of a class [A misdemeanor] E
FELONY.
  S 2. This act shall take effect on the one hundred twentieth day after
it shall have become a law.





 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD09211-01-1

2011-S3361A (ACTIVE) - Details

See Assembly Version of this Bill:
A6571
Current Committee:
Senate Banks
Law Section:
Banking Law
Laws Affected:
Amd §373, Bank L
Versions Introduced in Other Legislative Sessions:
2013-2014: S715, A5399
2015-2016: S3618, A3176
2017-2018: S2419, A1940
2019-2020: S3838
2021-2022: S4583
2023-2024: S4619

2011-S3361A (ACTIVE) - Summary

Increases penalties for individuals or companies who engage in the business of cashing checks, drafts or money orders for consideration without a license; makes such violation a class E felony; provides for a fine of $2,500 for each transaction.

2011-S3361A (ACTIVE) - Sponsor Memo

2011-S3361A (ACTIVE) - Bill Text download pdf 

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

                                 3361--A

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                            February 17, 2011
                               ___________

Introduced  by Sen. GRISANTI -- read twice and ordered printed, and when
  printed to be  committed  to  the  Committee  on  Banks  --  committee
  discharged, bill amended, ordered reprinted as amended and recommitted
  to said committee

AN ACT to amend the banking law, in relation to increasing the penalties
  for  individuals  or  companies  who engage in the business of cashing
  checks, drafts or money orders for consideration without a license

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

  Section  1.  Subdivision 5 of section 373 of the banking law, as added
by chapter 235 of the laws of 2008, is amended to read as follows:
  5. Notwithstanding the provisions of subdivision four of this section,
any person, partnership, association  or  corporation  and  the  several
members,  officers,  directors,  agents  and employees thereof who shall
violate the provisions of  subdivision  one  of  section  three  hundred
sixty-seven of this article shall be guilty of a class [A misdemeanor] E
FELONY  AND  SHALL  BE PUNISHABLE BY A FINE OF TWO THOUSAND FIVE HUNDRED
DOLLARS FOR EACH TRANSACTION MADE IN VIOLATION OF SUCH SUBDIVISION.
  S 2. This act shall take effect on the one hundred twentieth day after
it shall have become a law.




 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD09211-03-1

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