NY A03014 | 2011-2012 | General Assembly

Status

Spectrum: Partisan Bill (Democrat 4-0)
Status: Introduced on January 21 2011 - 25% progression, died in committee
Action: 2011-01-21 - referred to banks
Pending: Assembly Banks Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Provides that a banking institution may claim the right of set off against a deposit account if notice of the set off together with the reasons for the set off are mailed to the depositor prior to such action; provides that failure to provide such notice shall result in the forfeiture of the right of set off against the depositor.

Tracking Information

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Title

Provides that a banking institution may claim the right of set off against a deposit account if notice of the set off together with the reasons for the set off are mailed to the depositor prior to such action; provides that failure to provide such notice shall result in the forfeiture of the right of set off against the depositor.

Sponsors


History

DateChamberAction
2011-01-21Assemblyreferred to banks

New York State Sources


Bill Comments

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