Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 08, 2014 |
referred to banks |
Mar 01, 2013 |
referred to banks |
Assembly Bill A5580
2013-2014 Legislative Session
Sponsored By
SILVER
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
Ron Kim
Herman D. Farrell
Luis R. SepĂșlveda
Steven Englebright
multi-Sponsors
Steven Cymbrowitz
N. Nick Perry
Dan Quart
Jose Rivera
2013-A5580 (ACTIVE) - Details
2013-A5580 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5580 2013-2014 Regular Sessions I N A S S E M B L Y March 1, 2013 ___________ Introduced by M. of A. SILVER, KIM, FARRELL, SEPULVEDA, ENGLEBRIGHT, MARKEY, LAVINE, JAFFEE, ROBERTS -- Multi-Sponsored by -- M. of A. CYMBROWITZ, GIBSON, QUART, RIVERA -- read once and referred to the Committee on Banks AN ACT to amend the banking law, in relation to requiring notice to renters of safe deposit boxes regarding fees and charges 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 339 to read as follows: S 339. NOTICE TO RENTERS OF SAFE DEPOSIT BOXES REGARDING FEES AND CHARGES. 1. ANY BANKING ORGANIZATION OR SAFE DEPOSIT COMPANY WHICH OFFERS SAFE DEPOSIT BOXES FOR RENT SHALL PROVIDE IN THE RENTAL AGREEMENT REQUIRED PURSUANT TO SECTION THREE HUNDRED THIRTY-EIGHT OF THIS ARTICLE A SCHEDULE OF ALL FEES AND CHARGES APPLICABLE TO THE RENTAL OF SUCH SAFE DEPOSIT BOX IN AT LEAST FOURTEEN POINT TYPE. ALL SUCH FEES AND CHARGES IMPOSED UPON LESSEES OF SAFE DEPOSIT BOXES SHALL BE DEEMED REASONABLE BY THE SUPERINTENDENT. 2. ANY BANKING ORGANIZATION OR SAFE DEPOSIT COMPANY WHICH OFFERS SAFE DEPOSIT BOXES FOR RENT SHALL INCLUDE IN ITS ANNUAL REPORT TO THE SUPER- INTENDENT REQUIRED PURSUANT TO SECTION THREE HUNDRED TWENTY-NINE OF THIS CHAPTER A SCHEDULE OF ALL FEES AND CHARGES IMPOSED ON LESSEES FOR THE RENTAL OF SAFE DEPOSIT BOXES. 3. NO RENTAL AGREEMENT FOR THE RENTAL OF A SAFE DEPOSIT BOX SHALL IMPOSE ANY FEE OR CHARGE UPON A LESSEE, OR ANYONE WHO WOULD OTHERWISE HAVE ACCESS TO SUCH SAFE DEPOSIT BOX, FOR GAINING ACCESS TO SUCH SAFE DEPOSIT BOX WHERE AN ACT OF GOD, COMMON DISASTER OR EMERGENCY SITUATION HAS OCCURRED RENDERING THE LESSEE UNABLE TO ACCESS SUCH SAFE DEPOSIT BOX. THE SUPERINTENDENT SHALL PROMULGATE ANY RULES OR REGULATIONS NECESSARY FOR CARRYING OUT THE PROVISIONS OF THIS SECTION. S 2. This act shall take effect immediately and shall apply to all safe deposit box rental agreements entered into on or after such date. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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