Assembly Bill A6870

2025-2026 Legislative Session

Extends the effectiveness of provisions relating to limiting the check cashing exemption for national banks and other regulated entities

download bill text pdf

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Current 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

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2025-A6870 (ACTIVE) - Details

Current Committee:
Assembly Banks
Law Section:
Banks
Laws Affected:
Amd §2, Chap 591 of 2001
Versions Introduced in 2023-2024 Legislative Session:
A7675

2025-A6870 (ACTIVE) - Summary

Extends the effectiveness of provisions relating to limiting the check cashing exemption for national banks and other regulated entities to August 1, 2027.

2025-A6870 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   6870
 
                        2025-2026 Regular Sessions
 
                           I N  A S S E M B L Y
 
                              March 14, 2025
                                ___________
 
 Introduced by M. of A. HUNTER -- read once and referred to the Committee
   on Banks
 
 AN  ACT  to  amend chapter 591 of the laws of 2001, amending the banking
   law relating to limiting the  check  cashing  exemption  for  national
   banks  and  other regulated entities, in relation to the effectiveness
   thereof

   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Section 2 of chapter 591 of the laws of 2001 amending the
 banking law  relating  to  limiting  the  check  cashing  exemption  for
 national  banks  and other regulated entities, as amended by chapter 274
 of the laws of 2023, is amended to read as follows:
   § 2. This act shall take effect immediately and shall  expire  and  be
 deemed repealed August 1, [2025] 2027.
   § 2. This act shall take effect immediately.
 
 
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD10849-01-5

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