Extends the effectiveness of provisions relating to limiting the check cashing exemption for national banks and other regulated entities to August 1, 2027.
STATE OF NEW YORK
________________________________________________________________________
8299
2025-2026 Regular Sessions
IN SENATE
May 30, 2025
___________
Introduced by Sen. SANDERS -- read twice and ordered printed, and when
printed to be committed 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:
1 Section 1. Section 2 of chapter 591 of the laws of 2001 amending the
2 banking law relating to limiting the check cashing exemption for
3 national banks and other regulated entities, as amended by chapter 274
4 of the laws of 2023, is amended to read as follows:
5 § 2. This act shall take effect immediately and shall expire and be
6 deemed repealed August 1, [2025] 2027.
7 § 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
