Senate Bill S2245

Signed By Governor
2019-2020 Legislative Session

Increases number of withdrawal transactions from basic banking accounts for account holders sixty-five years of age or older from eight to twelve

download bill text pdf

Sponsored By

Archive: Last Bill Status Via A1940 - Signed by Governor

  • 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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2019-S2245 (ACTIVE) - Details

See Assembly Version of this Bill:
A1940
Law Section:
Banking Law
Laws Affected:
Amd §14-f, Bank L
Versions Introduced in Other Legislative Sessions:
2009-2010: S5599, A3072
2011-2012: S3652, A3315
2013-2014: S6308, A3073
2015-2016: S6242, A4534
2017-2018: S2452, A7617

2019-S2245 (ACTIVE) - Summary

Increases the 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.

2019-S2245 (ACTIVE) - Sponsor Memo

2019-S2245 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   2245
 
                        2019-2020 Regular Sessions
 
                             I N  S E N A T E
 
                             January 23, 2019
                                ___________
 
 Introduced  by  Sen. SANDERS -- 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 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 and such subdivision
 as further amended by section 104 of part A of chapter 62 of the laws of
 2011, 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
   § 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.
                                                            LBD01464-01-9

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