Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
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Jan 04, 2012 |
referred to banks |
Feb 02, 2011 |
referred to banks |
Assembly Bill A4267
2011-2012 Legislative Session
Sponsored By
MARKEY
Archive: Last Bill Status - In Assembly 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
co-Sponsors
Keith L.T. Wright
Mark J.F. Schroeder
Ellen C. Jaffee
Vanessa Gibson
multi-Sponsors
Edward Braunstein
James F. Brennan
Kevin Cahill
Nancy Calhoun
2011-A4267 (ACTIVE) - Details
2011-A4267 (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".
2011-A4267 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 4267 2011-2012 Regular Sessions I N A S S E M B L Y February 2, 2011 ___________ Introduced by M. of A. MARKEY, MAYERSOHN, WRIGHT, SCHROEDER -- Multi- Sponsored by -- M. of A. COLTON, CYMBROWITZ, GLICK, GOTTFRIED, HOOP- ER, MAGEE, McENENY, MILLMAN, PERRY, PHEFFER, REILLY, SCARBOROUGH, WEISENBERG -- read once and referred 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. LBD03358-01-1
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