Senate Bill S2655

2017-2018 Legislative Session

Prohibits banks from holding for deposit state issued check

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

Do you support this bill?

Please enter your contact information

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.
Actions

co-Sponsors

2017-S2655 (ACTIVE) - Details

See Assembly Version of this Bill:
A3569
Current Committee:
Senate Banks
Law Section:
Banking Law
Laws Affected:
Add §9-e, Bank L
Versions Introduced in Other Legislative Sessions:
2009-2010: A3414
2011-2012: A2759
2013-2014: A4089
2015-2016: S6240, A3228
2019-2020: S4935, A3554
2021-2022: A1699
2023-2024: A4555

2017-S2655 (ACTIVE) - Summary

Prohibits banks from holding for deposit the funds from checks issued by the state.

2017-S2655 (ACTIVE) - Sponsor Memo

2017-S2655 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   2655
 
                        2017-2018 Regular Sessions
 
                             I N  S E N A T E
 
                             January 17, 2017
                                ___________
 
 Introduced  by Sens. HAMILTON, COMRIE -- 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  the  deposit  of  state
   issued 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  9-e  to
 read as follows:
   §  9-E.  DEPOSIT  OF  STATE  ISSUED CHECKS. NO BANKING INSTITUTION, AS
 DEFINED IN SECTION NINE-F OF THIS ARTICLE, SHALL HOLD  FOR  DEPOSIT  THE
 FUNDS FROM A CHECK ISSUED BY THE STATE.
   §  2.  This  act shall take effect on the thirtieth day after it shall
 have become a law.
 
 
 
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD00715-01-7

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.