![Senator Headshot](/sites/default/files/styles/4_3_small/public/2021sandersbio.jpg?itok=FLrorZAv)
Senator James Sanders Jr. Passes Bill that Prohibits Banking Organizations From Issuing Mail-Loan Checks Without A Request or Application For One
May 20, 2021
![](/sites/default/files/styles/760x377/public/press-release/main-image/sanders_sd_10_bank.jpg?itok=2tBNZ5NT)
The New York State Senate today passed a bill (S4894 / A1693) by a vote of 57-5 introduced by State Senator James Sanders Jr. This legislation prohibits banking organizations from issuing mail-loan checks without a request or application, in order to protect consumers from potentially unsafe banking products.
The practice of mailing unsolicited loan checks to consumers can prove confusing to the consumer with respect to the obligation flowing from his or her endorsement. Additionally, an unsolicited loan check received by mail may be cashed by an unknown payee obligating the payee to repay the loan. This bill would negate the problems noted above.
Senator Sanders said: "The bill passed today would protect consumers from receiving unsolicited mail-loan checks which could make them a target of fraud."
Share this Article or Press Release
Newsroom
Go to NewsroomSanders Chosen as Ranking Dem on Banks Committee
January 10, 2017
![](/sites/default/files/styles/760x377/public/06-08-16132-17-0037.jpg?itok=OB3o3yrs)
![Dozens of people packed the area where the shooting took place to remember Rocky Kalisaran and show their support for his family.](/sites/default/files/styles/760x377/public/unnadhdmed.jpg?itok=P5I6rSbt)
Dozens of Children Receive Toys at Sanders' Holiday Giveaway
December 21, 2016
![Dozens of children received toys at Senator Sanders' holiday giveaway, which was held in Jamaica at the Rochdale Early Advantage Charter School.](/sites/default/files/styles/760x377/public/15626240_1362135307138815_51050391273963502_o.jpg?itok=WTRvNpHg)
Faith-Based Community Talks Trump at Sanders' Clergy Breakfast
December 16, 2016
![](/sites/default/files/styles/760x377/public/1clergy.jpg?itok=g1tdyuQV)