New York State Assembly

 
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A05744 Summary:

A05744 Actions:

A05744 Committee Votes:

Committee:BANKS   Chair:Zebrowski      
DATE:03/07/2017AYE/NAY:23/7  Action: Favorable refer to committee Codes        
Zebrowski
Aye
McLaughlin
Nay
Perry
Aye
Finch
Excused
Magee
Aye
Raia
Nay
Abbate
Aye
Curran
Nay
Miller
Aye
Malliotakis
Nay
Weprin
Aye
Lalor
Nay
Rodriguez
Aye
Castorina
Nay
Simotas
Aye
Byrne
Nay
Ryan
Aye
Kearns
Aye
Sepulveda
Aye
Mosley
Aye
Gjonaj
Aye
Bichotte
Aye
Blake
Aye
Jean-Pierre
Aye
Seawright
Aye
Richardson
Aye
Dickens
Aye
De La Rosa
Aye
Vanel
Aye
Wright
Aye
Niou
Aye

Committee:CODES   Chair:Lentol      
DATE:03/13/2017AYE/NAY:14/6  Action: Favorable         
Lentol
Aye
Graf
Nay
Schimminger
Aye
Giglio
Nay
Weinstein
Aye
McKevitt
Nay
Pretlow
Aye
Montesano
Nay
Cook
Aye
Ra
Nay
Cymbrowitz
Aye
Morinello
Nay
Titus
Absent
O'Donnell
Aye
Lavine
Aye
Perry
Aye
Zebrowski
Aye
Abinanti
Aye
Weprin
Aye
Mosley
Aye
Hevesi
Excused
Fahy
Aye

A05744 Floor Votes:

A05744 Text:

 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                         5744--A
                                                                Cal. No. 405
 
                               2017-2018 Regular Sessions
 
                   IN ASSEMBLY
 
                                    February 15, 2017
                                       ___________
 
        Introduced  by  M.  of A. ZEBROWSKI, WEPRIN -- read once and referred to
          the Committee on Banks -- ordered to  a  third  reading,  amended  and
          ordered reprinted, retaining its place on the order of third reading
 
        AN  ACT  to  amend  the banking law, in relation to the order in which a
          payor bank shall pay 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 9-x to
     2  read as follows:
     3    § 9-x. Banking institutions to pay checks drawn therein  in  order  of
     4  presentation.  1.  Notwithstanding  any  law,  rule or regulation to the
     5  contrary, every banking  institution  that  provides  consumer  checking
     6  accounts  shall either pay checks in the order wherein they are received
     7  or pay checks from smallest to largest dollar amount for  each  business
     8  day's transactions.
     9    2.  If  a  check  is  dishonored for insufficient funds and thereafter
    10  smaller checks which could be paid  are  received,  the  smaller  checks
    11  shall be honored within amounts on deposit in the subject account.
    12    3.  The banking institution shall disclose to consumers in writing the
    13  order in which  checks  are  drawn.  The  written  disclosure  shall  be
    14  provided  to the consumer at the time the account is opened and prior to
    15  any change in such policy. The superintendent shall promulgate rules and
    16  regulations necessary for the implementation of this section.
    17    4. As  used  in  this  section,  "consumer  checking  accounts"  means
    18  accounts  established  by natural persons primarily for personal, family
    19  or household purposes.
    20    § 2. This act shall take effect on the first of January next  succeed-
    21  ing 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.
                                                                   LBD07483-02-8