New York State Assembly

 
•  Summary 
 
•  Actions 
 
•  Committee Votes 
 
•  Floor Votes 
 
•  Memo 
 
•  Text 
 
•  LFIN 
 
•  Chamber Video/Transcript 

A09210 Summary:

A09210 Actions:

A09210 Committee Votes:

Committee:BANKS   Chair:Hunter      
DATE:05/07/2024AYE/NAY:27/0  Action: Favorable         
Hunter
Aye
Curran
Aye
Weprin
Aye
Mikulin
Aye
Jean-Pierre
Aye
Smullen
Aye
Seawright
Aye
Fitzpatrick
Excused
Dickens
Excused
Lemondes
Aye
Vanel
Aye
DiPietro
Aye
Taylor
Aye
Jensen
Aye
Stern
Aye
Chang
Aye
Sayegh
Aye
Flood
Aye
Burke
Aye
Buttenschon
Aye
Anderson
Aye
Mitaynes
Aye
Septimo
Aye
Tapia
Aye
De Los Santos
Aye
Cunningham
Aye
Lee
Aye
Raga
Aye
Burdick
Aye
Dais
Absent

A09210 Floor Votes:

A09210 Text:

 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                         9210--A
 
                   IN ASSEMBLY
 
                                    February 16, 2024
                                       ___________
 
        Introduced  by  M. of A. JACOBSON, LUCAS, HYNDMAN, TAYLOR, SANTABARBARA,
          GLICK, DILAN, WEPRIN, SAYEGH, SEPTIMO, DAVILA, STECK,  REYES  --  read
          once  and  referred  to  the  Committee on Banks -- recommitted to the
          Committee on Banks in accordance with Assembly Rule 3, sec. 2
 
        AN ACT to amend the banking law, in relation  to  establishing  criteria
          for the closure of banking accounts in the state of New York
 
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
 
     1    Section 1. The banking law is amended by adding a new section 9-ii  to
     2  read as follows:
     3    §  9-ii.  Closure  of  accounts. All banking organizations and out-of-
     4  state state banks authorized to operate and maintain  branches  pursuant
     5  to article five-C of this chapter when closing the account of a customer
     6  shall:
     7    (a)  provide  sixty  days'  notice  that such account is being closed,
     8  whether for personal or business use, and provide the  reason  for  such
     9  closure;  provided  that  nothing  in this section shall be construed to
    10  preempt any federal law that prohibits disclosure of the reason  for  an
    11  account closure; and
    12    (b)  return  any  remaining  funds from such account within sixty days
    13  after the closure of such account to the owner.
    14    § 2. This act shall take effect immediately.
 
 
 
 
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD14062-02-4