Requires all banks, trust companies, savings and loan associations and other financial institutions that provide electronic banking services to replace moisture-activated adhesive deposit envelopes with self-adhesive deposit envelopes.
STATE OF NEW YORK
________________________________________________________________________
2310
2011-2012 Regular Sessions
IN SENATE
January 18, 2011
___________
Introduced by Sen. KRUGER -- 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 providing self-adhesive
envelopes for deposits at electronic facilities
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Section 105-a of the banking law, as amended by chapter 613
2 of the laws of 1995, is amended to read as follows:
3 § 105-a. Electronic facilities. 1. A bank or trust company may conduct
4 a banking business, at automated teller machines, point-of-sale termi-
5 nals, and similar facilities subject to regulations which may be promul-
6 gated by the banking board. Such facilities shall not be deemed to be
7 branches and shall not be subject to any of the provisions of this chap-
8 ter applicable to branches; provided however that notwithstanding the
9 foregoing, for purposes of clause (ii) of paragraph (a) of subdivision
10 one of section one hundred five of this [chapter] article, such facili-
11 ties shall be deemed to be branches, and such facilities shall be
12 subject to the terms and conditions of such section one hundred five,
13 and for purposes of section twenty-eight-b of this chapter, such facili-
14 ties shall be deemed to be branches.
15 2. All electronic facilities shall be equipped with self-adhesive
16 deposit envelopes.
17 § 2. Section 240-a of the banking law, as amended by chapter 613 of
18 the laws of 1995, is amended to read as follows:
19 § 240-a. Electronic facilities. 1. A savings bank may conduct a bank-
20 ing business, at automated teller machines, point-of-sale terminals, and
21 similar facilities subject to regulations which may be promulgated by
22 the banking board. Such facilities shall not be deemed to be branches
23 and shall not be subject to any of the provisions of this chapter appli-
24 cable to branches; provided however that notwithstanding the foregoing,
25 for purposes of paragraph (b) of subdivision two of section two hundred
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD07448-01-1
S. 2310 2
1 forty of this [chapter] article, such facilities shall be deemed to be
2 branches, and such facilities shall be subject to the terms and condi-
3 tions of such section two hundred forty, and for purposes of section
4 twenty-eight-b of this chapter, such facilities shall be deemed to be
5 branches.
6 2. All electronic facilities shall be equipped with self-adhesive
7 deposit envelopes.
8 § 3. Section 396-a of the banking law, as amended by chapter 613 of
9 the laws of 1995, is amended to read as follows:
10 § 396-a. Electronic facilities. 1. A savings and loan association may
11 conduct a banking business, at automated teller machines, point-of-sale
12 terminals, and similar facilities subject to regulations which may be
13 promulgated by the banking board. Such facilities shall not be deemed to
14 be branches and shall not be subject to any of the provisions of this
15 chapter applicable to branches; provided however that notwithstanding
16 the foregoing, for purposes of paragraph (b) of subdivision two of
17 section three hundred ninety-six of this [chapter] article, such facili-
18 ties shall be deemed to be branches, and such facilities shall be
19 subject to the terms and conditions of such section three hundred nine-
20 ty-six, and for purposes of section twenty-eight-b of this chapter, such
21 facilities shall be deemed to be branches.
22 2. All electronic facilities shall be equipped with self-adhesive
23 deposit envelopes.
24 § 4. This act shall take effect on the first of January next succeed-
25 ing the date on which it shall have become a law, except that any rules
26 and regulations necessary for the timely implementation of this act on
27 its effective date shall be promulgated on or before such date.
