S02226 Summary:

BILL NOS02226
 
SAME ASNo Same As
 
SPONSORPERALTA
 
COSPNSR
 
MLTSPNSR
 
Add S6-n, Bank L
 
Directs every banking organization or foreign banking corporation transacting business in this state to cash properly endorsed social security checks presented by the payee, upon sufficient identification, notwithstanding the fact that such payee does not maintain an account with such organization or corporation, upon proof that such payee is sixty-two years of age or older; defines "sufficient identification".
Go to top    

S02226 Actions:

BILL NOS02226
 
01/22/2015REFERRED TO BANKS
01/06/2016REFERRED TO BANKS
Go to top

S02226 Committee Votes:

Go to top

S02226 Floor Votes:

There are no votes for this bill in this legislative session.
Go to top

S02226 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          2226
 
                               2015-2016 Regular Sessions
 
                    IN SENATE
 
                                    January 22, 2015
                                       ___________
 
        Introduced  by  Sen. PERALTA -- read twice and ordered printed, and when
          printed to be committed to the Committee on Banks
 
        AN ACT to amend the banking law,  in  relation  to  the  negotiation  of
          social security checks
 
          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 6-n  to
     2  read as follows:
     3    §  6-n. Negotiating social security checks. Every banking organization
     4  or foreign banking corporation transacting business in this state  shall
     5  cash  properly  endorsed  social security checks presented by the payee,
     6  upon sufficient identification, notwithstanding the fact that such payee
     7  does not maintain an account with such organization or corporation, upon
     8  proof that such payee is sixty-two years of age or older.  For  purposes
     9  of  this section, "sufficient identification" shall mean a picture iden-
    10  tification card issued to such payee by the department  of  motor  vehi-
    11  cles,  a sheriff's department or a banking organization where such check
    12  is presented for payment.
    13    § 2. This act shall take effect on the sixtieth  day  after  it  shall
    14  have become a law.
 
 
 
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD00383-01-5
Go to top