Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Mar 11, 2024 |
referred to banks delivered to senate passed assembly |
Mar 07, 2024 |
advanced to third reading cal.342 |
Mar 05, 2024 |
reported |
Feb 27, 2024 |
reported referred to codes |
Jan 03, 2024 |
referred to banks |
Jan 25, 2023 |
referred to banks |
Assembly Bill A2282
2023-2024 Legislative Session
Sponsored By
STIRPE
Current 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
Actions
co-Sponsors
Nader Sayegh
Angelo Santabarbara
Al Taylor
David Weprin
2023-A2282 (ACTIVE) - Details
- Current Committee:
- Senate Banks
- Law Section:
- Banking Law
- Laws Affected:
- Add §652-c, Bank L
- Versions Introduced in Other Legislative Sessions:
-
2019-2020:
A9728
2021-2022: A5864
2023-A2282 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 2282 2023-2024 Regular Sessions I N A S S E M B L Y January 25, 2023 ___________ Introduced by M. of A. STIRPE, SAYEGH, SANTABARBARA -- read once and referred to the Committee on Banks AN ACT to amend the banking law, in relation to requiring transmitters of money to provide a certain warning to consumers 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 652-c to read as follows: § 652-C. REQUIRED WARNING. 1. A PERSON ENGAGED IN THE BUSINESS OF RECEIVING MONEY FOR TRANSMISSION OR TRANSMITTING MONEY BY WIRE OR ELEC- TRONIC TRANSFER WHICH, AT THE REQUEST OF AN INDIVIDUAL WHO IN-PERSON, BY TELEPHONE OR ELECTRONIC MEANS TRANSMITS FUNDS TO ANOTHER PERSON, BUSI- NESS OR ENTITY, SHALL: (A) PROVIDE A CLEAR, CONCISE, AND CONSPICUOUS CONSUMER FRAUD WARNING PRIOR TO INITIATING THE MONEY TRANSFER TRANSACTION AND ON ALL FUNDS TRANSFER FORMS USED BY CONSUMERS TO SEND MONEY TO AN INDIVIDUAL; (B) PROVIDE ANNUAL CONSUMER FRAUD PREVENTION TRAINING FOR AGENTS INVOLVED WITH FUNDS TRANSFERS; (C) MONITOR AGENT ACTIVITY RELATING TO CONSUMER FUNDS TRANSFERS; AND (D) ESTABLISH A TOLL-FREE NUMBER FOR CONSUMERS TO CALL TO REPORT FRAUD OR SUSPECTED FRAUD AND PROVIDE INFORMATION ON HOW TO STOP A TRANSFER. 2. THE WARNING REQUIRED BY THIS SECTION SHALL NOT APPLY TO AN ELEC- TRONIC FUNDS TRANSFER IN WHICH FUNDS ARE NOT TRANSFERRED DIRECTLY TO ANOTHER PERSON AND ARE NOT AVAILABLE FOR IMMEDIATE USE. 3. A VIOLATION OF THE PROVISIONS OF THIS SECTION SHALL BE PUNISHABLE BY A CIVIL PENALTY OF NOT MORE THAN TWO HUNDRED FIFTY DOLLARS FOR THE FIRST VIOLATION AND FIVE HUNDRED DOLLARS FOR EACH SUBSEQUENT VIOLATION. § 2. This act shall take effect on the one hundred eightieth day after it shall have become a law. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD00388-01-3
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.