New York State Assembly

Bill No.:  

 
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A05175 Summary:

BILL NO	A05175
SAME AS	SAME AS S05061
SPONSOR	Rivera P
COSPNSR
MLTSPNSR
Add S518-b, Gen Bus L
Establishes issuers of credit cards and debit cards are prohibited from knowingly accepting or soliciting personal financial information of a cardholder from a third-party; establishes a civil penalty not to exceed two thousand dollars for each violation of this section.

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A05175 Actions:

BILL NO	A05175
02/14/2011	referred to consumer affairs and protection
01/04/2012	referred to consumer affairs and protection
09/04/2012	enacting clause stricken

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A05175 Floor Votes:

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A05175 Text:

 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          5175
 
                               2011-2012 Regular Sessions
 
                   IN ASSEMBLY
 
                                    February 14, 2011
                                       ___________
 
        Introduced  by  M.  of  A.  P. RIVERA  --  read once and referred to the
          Committee on Consumer Affairs and Protection
 
        AN ACT to amend the general business law,  in  relation  to  prohibiting
          issuers  from accepting personal financial information of holders from
          a third-party
 

          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
 
     1    Section 1. The general business law is amended by adding a new section
     2  518-b to read as follows:
     3    §  518-b. Prohibited credit card user information requests. 1. Issuers
     4  of credit cards and debit cards are prohibited from knowingly  accepting
     5  or  soliciting  the  personal  financial  information of a holder from a
     6  third-party. Provided, however, that no provision of this section  shall
     7  be  deemed  to  prohibit  an  issuer of a credit card or debit card from
     8  accepting or soliciting from  a  banking  organization,  as  defined  in
     9  section two of the banking law, the personal information of a holder for

    10  the purpose of verifying the identity of such holder and prevent improp-
    11  er or unauthorized use.
    12    2. A violation of the provisions of this section by an issuer shall be
    13  punishable  by  a  civil  penalty not to exceed two thousand dollars for
    14  each such violation.
    15    § 2. This act shall  take  effect  on  the  first  of  September  next
    16  succeeding the date on which it shall have become a law.
 
 
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD01124-02-1

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