![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 Newsroom![During his State of the District Address, Senator Sanders spoke about a number of issues including economic development and education.](/sites/default/files/styles/760x377/public/ad.jpg?itok=kPKaX2Wq)
![Senator Sanders gives a blanket and backpack with gifts to veteran, Arthur Adams.](/sites/default/files/styles/760x377/public/unnadddmed.jpg?itok=bUjSCtVL)
Sanders Chosen as Ranking Dem on Senate Labor Committee
February 7, 2017
![](/sites/default/files/styles/760x377/public/unnadhjfmed.jpg?itok=L8owqC5x)
STEAM Opportunities Presented at Sanders' Workshop
February 4, 2017
![Senator Sanders encourages a young student who was experimenting with building blocks to "Dream Up, as the title of the book says.](/sites/default/files/styles/760x377/public/unnaaxmed.jpg?itok=aR49Y4zt)